215 N Macarthur AVE Panama City, FL 32401
7 Beds
4 Baths
0.34 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Cove
MLS Listing ID 780852
Style Craftsman
Bedrooms 7
Full Baths 4
HOA Y/N No
Year Built 1945
Annual Tax Amount $5,458
Tax Year 2024
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Single Family Residence
Property Description
Downstairs 1 bedroom / 1 bathroom apartment can be rented for $1000 per month.
The upstairs 2 bedroom / 1 bathroom apartment can be rented for $1850 per month.
$2850 per month in potential rental income - enough to cover your mortgage - so you get to live in the main home which boasts 4 bedrooms / 2 bathrooms and a generous 1756 square feet and rent the 2 apartments.
The entire property is a whopping 3184 square feet on a 1/3 acre. There is a pool in the backyard that serves as an anchor for both the main home and two apartments. Tenants will pay extra for this type of amenity.
Or, utilize both or one of the apartments for a mother-in-law quarters.
Located in the historic Cove neighborhood, close to all major roads, 23rd Street, 15th Street, Highway 77.
Located very close the Ascension Sacred Heart, so perfect for a doctor that wants the additional income. Also, right in the middle of town where you can get to Tyndall Air Force Base to the east, the Navy Base to the west, and close enough to Panama City Beach for a day trip.
This home old Florida charm with original hardwood floors in the main living area, large front porch, and a newer metal roof.
The kitchen has been completely updated and features all stainless appliances, and a Rinnai tankless hot water system PLUS it comes with a large detached two car garage.
Gas water heater and gas heat in the upstairs apartment. Downstairs apartment has a window unit for heat and air. The entire property is on city water and sewer.
Come find out why so many people are flocking to the Cove - make this home your own, it will not last long.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Heating Central, Electric, Natural Gas
Cooling Central Air, Ceiling Fan(s)
Flooring Carpet, Hardwood
Fireplace No
Appliance Disposal, Microwave, Refrigerator
Exterior
Exterior Feature Porch
Parking Features Additional Parking, Alley Access, Attached, Carport, Driveway, Garage, Garage Door Opener
Garage Spaces 2.0
Garage Description 2.0
Fence Fenced
Pool In Ground
Porch Covered, Patio, Porch, Screened
Building
Sewer Public Sewer
Architectural Style Craftsman
New Construction No
Schools
Elementary Schools Cherry Street
Middle Schools Jinks
High Schools Bay
Others
Tax ID 20736-000-000
Acceptable Financing Cash, FHA, VA Loan
Listing Terms Cash, FHA, VA Loan
Financing Conventional
Special Listing Condition Listed As-Is
