$209,000
Panama City, FL 32401
MLS# 777578
Status: Pending
3 beds | 2 baths | 2574 sqft
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Property Description
INVESTOR SPECIAL - 2 DOORS, 1 PRICE, HUGE UPSIDE This Panama City property is a true value-add opportunity with multi-income potential. Sitting on a multi-family lot, you'll find a fully functional 3BR/2BA main home that's rent-ready—plus two additional detached structures to be converted into a separate living with a great workshop or storage area. Whether you're building out a rental portfolio or looking for a project with strong equity upside, this setup delivers. The main house features original hardwood floors, paneled walls, a tiled master bath, and all major appliances already in place. Solid bones and city utilities make renovation straightforward. Located in-town and minutes to shopping, schools, and employers, this is an ideal location for long-term tenants. Live in one, rent the other, or bring in steady cash flow from both. Two units. One lot. Endless potential.
Details
Maps
Contract Info
Status: Pending
List Date: 2025-08-13
List Price: $209,000
List Price/SqFt: 81.2
Current Price: $209,000
Location
Area: 02 - Bay County - Central
Street #: 336
Street Direction: N
Street Name: Gray
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0202 - Bay - Central SE
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 22605-000-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: Heading West on Hwy 98, turn left on N Gray Ave, home will be on your left. Look for sign.
Legal Description: PINECREST ADD LOTS 9,10 BLK C ORB 3795 P 595
General Property Info
Sub-Type: Detached Single Family
Design: Traditional
Apx SqFt(Htd/Cooled): 2574
SqFt Source: Prop App Site
Bedrooms: 3
Full Baths: 2
Total Baths: 2
# of Stories in Building: 2
Year Built: 1945
Immediate Occupancy: Yes
Construction Status: Construction Complete
New Construction: No
Garage Y/N: No
Driveway Spaces: 4
Lot Dimensions: 85 x 140
Acreage: 0.27
Lot Size (SqFt): 11761
Pool: No
Status Change Info
Under Contract Date: 2025-09-23
Property Features
Appliances: Dishwasher; Range - Electric; Refrigerator
Full Bathroom: First; Second
Master Bedroom: First
Bedroom: First; Second
Cooling: Electric; Wall Unit(s)
Heating: Electric
Exterior: Porch Open
Financing: Cash; Conventional
Furnished: Unfurnished
Interior: Floor - Carpet
Kitchen: First
Living Room: First
Lot Features: Interior Lot; Survey Available
Lot Access: City Street; Paved Road
Family Room: First
Parking Features: Driveway
Other Structures: Other
Rooms: Bedroom; Family Room; Full Bathroom; Kitchen; Living Room; Master Bedroom
Showing: ShowingTime
Utilities: TV Cable; Electricity - Connected; Public Sewer - Connected; Public Water - Connected
Present Zoning: Resid Single Family
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Family Room | First | 17 x 15 | 17.00 | 15.00 | 17 x 15 |
| Kitchen | First | 16 x 15 | 16.00 | 15.00 | 16 x 15 |
| Living Room | First | 24 x 15 | 24.00 | 15.00 | 24 x 15 |
| Master Bedroom | First | 14 x 11 | 14.00 | 11.00 | 14 x 11 |
| Full Bathroom | First | 8 x 5 | 8.00 | 5.00 | 8 x 5 |
| Bedroom | First | 13 x 9 | 13.00 | 9.00 | 13 x 9 |
| Bedroom | Second | 15 x 13 | 15.00 | 13.00 | 15 x 13 |
| Bedroom | Second | 12 x 11 | 12.00 | 11.00 | 12 x 11 |
| Full Bathroom | Second | 16 x 10 | 16.00 | 10.00 | 16 x 10 |
Listing Office: Beach Properties Real Estate
Last Updated: September - 24 - 2025
Information deemed reliable but not guaranteed.