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5138 Lance Street
Panama City, FL 32404

$425,000 - Status: Active
Bed Icon Beds: 6
Bath Icon Baths: 3 full 3 partial
Sq Feet Icon SQFT (H&C): 2,916
MLS Icon MLS# 796036

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!

Property Features

MLS#: 796036
Zip: 32404
Subdivision: Wh Parker
Development: 0202 - Bay - Central Se
Property Type: Multi Unit - Multiple
Cooling: Central Air, Ceiling Fan(s)
Days on Site: 34
Fenced: Yes
Heating: Central, Electric
Lot Size: 0.17 acres
Roof Type: Composition, Shingle
Stories: 2.0
Taxes: $3,649
Year Built: 1984
SQFT (H&C): 2,916

Feature Descriptions

Appliances: Electric Oven, Electric Range, Electric Water Heater
Exterior: Stucco, Wood Siding
Fencing: Fenced, Partial, Privacy
Flooring: Plank, Vinyl
Interior Features: Tub Shower
Lot Description: Paved
Lot Dimensions: 82x90
Parcel#: 25249-220-000
Patio/Porch: Covered, Porch
Sewer: Public Sewer
Utilities: Electricity Available

Room Sizes

Full Bath: 5.5 X 9 Level - Second
Half Bath: 3 X 8.4 Level - First
Laundry: 8 X 5.5 Level - First
Kitchen: 8 X 10 Level - First
Breakfast Room/ Nook: 9 X 13 Level - First
Living Room: 14 X 13 Level - First
Bedroom: 12 X 13 Level - Second
Bedroom: 14 X 10 Level - Second

Local Schools

High School: Rutherford
Middle School: Rutherford Middle
Elementary School: Parker

5138 Lance Street | MLS# 796036

This multi-family property located at 5138 Lance Street , Panama City, FL 32404 is currently listed for sale with an asking price of $425,000. Search Panama City real estate on www.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: CENTURY 21 Commander Realty

Shown By

Agency Title: Beachy Beach Real Estate
Agency Phone: 850-233-4351

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