$237,100
Panama City, FL 32401
MLS# 995011
4 beds | 2 baths | 1152 sqft
1 / 44
Property Description
*****UNDER CONTRACT. SELLER WILL CONSIDER TAKING BACKUP OFFERS.***** HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS! This property, once a 4 BR 2 BA, has been converted to a 2-unit rental property, perfect for short- or mid-term rental income or a single-family main house/mother-in-law suite arrangement. This property has been rented only on Furnished Finder and by word of mouth. Income for 2025 was $28,710! Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there.
Details
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 205.82
List Date: 2026-02-06
Current Price: $237,100
List Price: $237,100
Location, Tax and Legal
Sub Area: 2702 - Bay - Central SE
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Legal Description: WELCH ADD LOT 2 & N 20.5' OF LOT 3 BLK 5 ORB 4342 P 1957
General Property Info
Sub-Type: Detached Single Family
Design: Beach House
SqFt Source: County PA Records
Immediate Occupancy: Yes
Garage: No
Carport: No
Covered Spaces: 1
Driveway Spaces: 4
Pool: No
Pool Type: None
Apx SqFt(Htd/Cooled): 1152
Bedrooms: 4
Full Baths: 2
Total Bathrooms: 2
# Stories: 1
Year Built: 1945
Acreage: 0.35
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 2457.3
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: *****UNDER CONTRACT. SELLER WILL CONSIDER TAKING BACKUP OFFERS.*****
HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS!
This property, once a 4 BR 2 BA, has been converted to a 2-unit rental property, perfect for short- or mid-term rental income or a single-family main house/mother-in-law suite arrangement.
This property has been rented only on Furnished Finder and by word of mouth. Income for 2025 was $28,710!
Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there.
Construction Status
Construction Complete: 1
Lot/Parcel Access
City Road: 1
Lot Features
Within 1/2 Mile to Water: 1
Construction/Siding
Siding Vinyl: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
Zoning
Resid Single Family: 1
Exterior
Fenced Lot-Part: 1
Porch: 1
Interior
Furnished - All: 1
Split Bedroom: 1
Window Treatment All: 1
Financing
Conventional: 1
Appliances
Dryer: 1
Microwave: 1
Refrigerator: 1
Stove/Oven Electric: 1
Washer: 1
Energy
AC - Window/Wall: 1
Ceiling Fans: 1
Bedroom
First: 1
Living Room
First: 1
Rooms
Bedroom: 1
Laundry: 1
Living Room: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 27 - Bay County
Street #: 331
Street Name: Maine
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Project Name/Subdivision: WELCH ADDN
Parcel ID: 22512000000
Property Features
Construction Status: Construction Complete
Lot Features: Within 1/2 Mile to Water
Zoning: Resid Single Family
Exterior: Fenced Lot-Part; Porch
Interior: Furnished - All; Split Bedroom; Window Treatment All
Appliances: Dryer; Microwave; Refrigerator; Stove/Oven Electric; Washer
Utilities: Electric; Public Sewer; Public Water
Energy: AC - Window/Wall; Ceiling Fans
Bedroom: First
Living Room: First
Rooms: Bedroom; Laundry; Living Room
Financing: Conventional
Supplements
WHY THIS PROPERTY IS AWESOME:
--Multiple possibilities for living/renting - especially as workforce housing for travel nurses, contractors, and others
--2 BR, 1 BA in front, 1 BR, 1 BA in back
--Proven income of up to $1,700 for front unit, $1,600/mo for back unit - WOW!
--Full kitchen in front, efficient kitchenette in back
--SOLD FULLY FURNISHED!
--Driveway parking for 4; boat parking is easy!
--HUGE backyard on this 75' x 200' lot. Make your own nature oasis or put in a pool!
--Close to Ascension Sacred Heart (Bay Medical), downtown PC, Eastern Shipbuilding, two marinas, Tyndall AFB, and Gene's Oyster Bar
COME SEE THIS TODAY! OPEN FOR SHOWINGS ANY TIME!
Room Information
| Room Name | Level | Dimensions | Length | Width | Remarks | Dimensions |
| Bedroom | First | 9.4 x 9.6 | 9.40 | 9.60 | Front house | 9.4 x 9.6 |
| Bedroom | First | 9.5 x 15.4 | 9.50 | 15.40 | Front house | 9.5 x 15.4 |
| Bedroom | First | 13.1 x 15.7 | 13.10 | 15.70 | Back house - used as living room; can be reconverted | 13.1 x 15.7 |
| Bedroom | First | 9.1 x 10.2 | 9.10 | 10.20 | Back house | 9.1 x 10.2 |
| Living Room | First | 10.5 x 13.3 | 10.50 | 13.30 | Open floor plan | 10.5 x 13.3 |
| Laundry | First | 7.4 x 17.3 | 7.40 | 17.30 | Storage/Utility - Located in carport | 7.4 x 17.3 |
Listing Office: EXP Realty LLC
Last Updated: March - 30 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
