116 Springfield Ave
Description
Welcome to your next investment property! This property allows you to add 6 single family units to your investment portfolio, grossing over $57,000 in income per year. Each unit features one bedroom, one spacious bathroom, as well as a living and kitchen area. All six properties have been completely remodeled down to the studs and all have individual water and electric meters, new 30-year Dimensional shingle roofs, new energy efficient windows,...CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS
Welcome to your next investment property! This property allows you to add 6 single family units to your investment portfolio, grossing over $57,000 in income per year. Each unit features one bedroom, one spacious bathroom, as well as a living and kitchen area. All six properties have been completely remodeled down to the studs and all have individual water and electric meters, new 30-year Dimensional shingle roofs, new energy efficient windows, new sheetrock, new painting, new electrical wiring, new luxury vinyl plank flooring, and new kitchen cabinets and countertops. These units have a great Return on Investment and are easily maintained due to this meticulous remodel. All units are currently rented and are professionally managed by ERA Neubauer Property Management. Schedule your private viewing today with your favorite Realtor! The cleared lot next to this property (Parcel ID 24228-005-000) is also for sale where you can add more rental units if desired. Please see MLS 738324.
- Listed by Kaci A Hawes • ERA Neubauer Real Estate, Inc
- Listed by Heather H Neubauer • ERA Neubauer Real Estate Inc
Property Details for 116 Springfield Avenue
Property Details for 116 Springfield Avenue
| Status | Sold |
|---|---|
| MLS # | 738264 |
| Days on Market | 33 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential / Multi Family / Multi Family |
| Year Built | 1952 |
| Lot Size | 0.31 AC / 13,503 SF |
| County | Bay County |
Location
Sold By ERA Neubauer Real Estate Inc; ERA Neubauer Real Estate, Inc
Building Information for 116 Springfield Avenue
Payment Calculator
$3,381 per month
30 year fixed, 6.15% Interest
$2,729
$652
$0
Property Information for 116 Springfield Avenue
- City: Panama City
- County Or Parish: Bay
- Directions: From Bay Medical Center, head south on North Bonita Ave. for approximately .2 miles. Turn left on Bus-US 98. Continue for approximately 1.6 miles and take a right onto Everitt Ave. Proceed approximately .6 miles and take a left on E First Court. Proceed to second street (700 ft) and take a left onto Springfield Ave. Property will be on the corner lot on the right.
- State Region: FL
- Postal Code: 32401
- Latitude: 30.146851
- Longitude: -85.618862
- State Or Province: FL
- Road Frontage Type: City Street
- Road Responsibility: Public Maintained Road
- MLS Area Major: 02 - Bay County - Central
- MLS Area Minor: 0202 - Bay - Central SE
- Parcel Number: 24226-000-000
- Association: No
- Tax Legal Description: Lots 1 and 2, Block 9 of North Mooretown, according to the Plat thereof as recorded in Plat Book 6, Page 35, of the Public Records of Bay County, Florida.
- Elementary School: Cherry Street
- High School: Rutherford
- Middle Or Junior School: Rutherford Middle
- Attached Garage: No
- Garage: No
- Building Area Total: 2748.0
- Lot Features: Paved
- Lot Size Acres: 0.31
- Lot Size Area: 0.31
- Lot Size Dimensions: 154x100x154x101
- Lot Size Units: Acres
- Lot Size Square Feet: 13460.0
- Living Area Source: Appraiser
- Development Status: Remodeled Upgraded
- Senior Community: No
- Year Built: 1952
- Human Modified: No
- Sewer: Public Sewer
- Utilities: Water Connected
- Community Features: Short Term Rental Allowed
- Construction Materials: Brick
- Patio And Porch Features: Covered, Porch
- Flooring: Luxury Vinyl Plank
- Bathrooms Full: 6
- Bathrooms Total: 6
- Bedrooms Total: 6
- Rooms Total: 7
- Cooling: Yes
- Cooling: Window Units
- Laundry Features: Washer Hookup, Dryer Hookup
- Appliances: Electric Cooktop, Electric Oven, Electric Water Heater, Tankless Water Heater
- Room Type: Primary Bedroom
- Room Dimensions: 13 x 8
- Room Length: 13.0
- Room Type: Primary Bedroom
- Room Width: 8.0
- Room Dimensions: 13 x 8
- Room Length: 13.0
- Room Type: Primary Bedroom
- Room Width: 8.0
- Room Dimensions: 13 x 8
- Room Length: 13.0
- Room Type: Bedroom
- Room Width: 8.0
- Room Description: Measurements are not exact; Buyer to verify
- Room Dimensions: 20 x 13
- Room Length: 20.0
- Room Level: First
- Room Type: Living Room
- Room Width: 13.0
- Room Description: Measurements are not exact; Buyer to verify
- Room Dimensions: 13 x 9
- Room Length: 13.0
- Room Level: First
- Room Type: Primary Bedroom
- Room Width: 9.0
- Room Description: Measurements are not exact; Buyer to verify
- Room Dimensions: 13 x 8
- Room Length: 13.0
- Room Level: First
- Room Type: Primary Bathroom
- Room Width: 8.0
- Units Furnished: None
- Mobile Dim Units: Feet
- Occupant Type: Occupied
- Land Lease: Yes
Property History for 116 Springfield Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 1, 2026 | Expired CPAR #766434 | $599,997 | — |
| Dec 31, 2025 | Expired ECAR #965132 | $599,997 | — |
| Dec 22, 2024 | Listed (Active) ECAR #965132 | $605,000 | — |
| Dec 21, 2024 | Listed (Active) CPAR #766434 | $605,000 | — |
| Apr 24, 2023 | Sold (Public Record) Public Record #1510375984 | $560,000 | — |
| Apr 24, 2023 | Sold (Public Record) Public Record #1510375984 | $560,000 | +69.0% / yr |
| Apr 24, 2023 | Sold CPAR #738264 | $560,000 | — |
| Apr 24, 2023 | Sold ECAR #918285 | $560,000 | — |
| Apr 7, 2023 | Pending CPAR #738264 | — | |
| Apr 7, 2023 | Pending ECAR #918285 | — | |
| Mar 5, 2023 | Listed (Active) ECAR #918285 | $579,000 | — |
| Mar 4, 2023 | Listed (Active) CPAR #738264 | $579,000 | — |
| Feb 3, 2023 | Withdrawn CPAR #731901 | $579,000 | — |
| Sep 7, 2022 | Listed (Active) CPAR #731901 | $579,000 | — |
| Aug 9, 2019 | Sold CPAR #680919 | $80,000 | — |
| Aug 8, 2019 | Sold (Public Record) Public Record #652279545 | $80,000 | -0.3% / yr |
| Jul 22, 2019 | Pending CPAR #680919 | — | |
| Mar 2, 2019 | Listed (Active) CPAR #680919 | $85,000 | — |
| Nov 25, 2003 | Sold (Public Record) Public Record #125286394 | $84,500 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/01/2026 | Expired CPAR #766434 | $599,997 |
| 12/31/2025 | Expired ECAR #965132 | $599,997 |
| 12/22/2024 | Listed (Active) ECAR #965132 | $605,000 |
| 12/21/2024 | Listed (Active) CPAR #766434 | $605,000 |
| 04/24/2023 | Sold (Public Record) Public Record #1510375984 | $560,000 |
| 04/24/2023 | Sold (Public Record) Public Record #1510375984 | $560,000 +69.0% / yr |
| 04/24/2023 | Sold CPAR #738264 | $560,000 |
| 04/24/2023 | Sold ECAR #918285 | $560,000 |
| 04/07/2023 | Pending CPAR #738264 | — |
| 04/07/2023 | Pending ECAR #918285 | — |
| 03/05/2023 | Listed (Active) ECAR #918285 | $579,000 |
| 03/04/2023 | Listed (Active) CPAR #738264 | $579,000 |
| 02/03/2023 | Withdrawn CPAR #731901 | $579,000 |
| 09/07/2022 | Listed (Active) CPAR #731901 | $579,000 |
| 08/09/2019 | Sold CPAR #680919 | $80,000 |
| 08/08/2019 | Sold (Public Record) Public Record #652279545 | $80,000 -0.3% / yr |
| 07/22/2019 | Pending CPAR #680919 | — |
| 03/02/2019 | Listed (Active) CPAR #680919 | $85,000 |
| 11/25/2003 | Sold (Public Record) Public Record #125286394 | $84,500 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 116 Springfield Avenue
Schools near 116 Springfield Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 12 | |||
| Public - | PK to 12 | |||
| Public - | PK to 2 |
Rating | School | Distance |
|---|---|---|
Merriam Cherry Street Elementary School PublicPK to 5 | ||
Rutherford High School Public6 to 12 | ||
Margaret K. Lewis In Millville PublicPK to 12 | ||
Oscar Patterson Academy PublicPK to 2 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of ERA Neubauer Real Estate, Inc; ERA Neubauer Real Estate Inc
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.
