5138 Lance Street

Panama City, FL 32404

MLS#: 796036

$425,000

Status: Active

Listing number: 796036

Listing provided by: CENTURY 21 Commander Realty

Listing agent phone: None

Last update: a month ago

On site: a month ago

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Property

Beds

Full Baths

1/2 Baths

Year Built

1984

Sq.Footage

2,916

RARE TRIPLEX INVESTMENT OPPORTUNITY NEAR TYNDALL AIR FORCE BASE! Opportunities to own an entire triplex don't come along often. This property features three separate 2-bedroom, 1.5-bath units and is currently generating a combined $3,240 in monthly rental income. Each unit has a functional two-story layout with both bedrooms and a full bath upstairs, while downstairs features an open living, dining and kitchen area, half bath, interior laundry room and LVP flooring. Units B and C each have privacy-fenced backyards, while Unit A has a partially privacy-fenced backyard that opens toward the large pond with a water feature and views of the neighboring walking park. Each unit also includes two designated parking spaces. Conveniently located near Tyndall Air Force Base with access to area shopping, dining and everyday conveniences, this triplex provides an opportunity to add a multi-unit property to your investment portfolio with existing rental income already in place. Whether you're looking to expand your portfolio or secure a property with three income-producing units under one ownership, this one deserves a closer look. Call today to schedule a preview of this investment opportunity!

Features & Amenities

Interior

Total Bedrooms

6
Bathrooms

3
1/2 Bathrooms

3
Cooling YN

YES
Cooling

Central Air, Ceiling Fan(s)
Heating YN

YES
Heating

Central, Electric
Pet friendly

N/A

Exterior

Garage

No
Construction Materials

Stucco, Wood Siding
Patio and Porch Features

Covered, Porch
Pool

No
Waterfront YN

NO

Area & Lot

Lot Features

Paved
Lot Size(acres)

0.17
Lot Size(square feet)

7,380
Property Type

Residential
Property Sub Type

Triplex

Price

Sales Price

$425,000
Tax Amount

$3,649.1
Sq. Footage

2,916
Price/SqFt

$145

HOA

Association

No

School District

Elementary School

Parker
Middle School

Rutherford Middle
High School

Rutherford

Property Features

Stories

2
New Construction

NO
Foundation Details

Slab
Sewer

Public Sewer

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Location

County

Bay

Elementary School

Parker

Middle School

Rutherford Middle

High School

Rutherford

Listing Courtesy of Kelli White Garrett, CENTURY 21 Commander Realty

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Ricky Robbins

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(850) 625-4394

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RARE TRIPLEX INVESTMENT OPPORTUNITY NEAR TYNDALL AIR FORCE BASE! Opportunities to own an entire triplex don't come along often. This property features three separate 2-bedroom, 1.5-bath units and is currently generating a combined $3,240 in monthly rental income. Each unit has a functional two-story layout with both bedrooms and a full bath upstairs, while downstairs features an open living, dining and kitchen area, half bath, interior laundry room and LVP flooring. Units B and C each have privacy-fenced backyards, while Unit A has a partially privacy-fenced backyard that opens toward the large pond with a water feature and views of the neighboring walking park. Each unit also includes two designated parking spaces. Conveniently located near Tyndall Air Force Base with access to area shopping, dining and everyday conveniences, this triplex provides an opportunity to add a multi-unit property to your investment portfolio with existing rental income already in place. Whether you're looking to expand your portfolio or secure a property with three income-producing units under one ownership, this one deserves a closer look. Call today to schedule a preview of this investment opportunity!

5138 Lance Street

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5138 Lance Street

Features & Amenities

Interior

Exterior

Area & Lot

Price

HOA

School District

Property Features

Schedule a Showing

Mortgage calculator

Listing Courtesy of Kelli White Garrett, CENTURY 21 Commander Realty

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