508 Seneca Ave, Panama City, FL 32404

Description

Income producing rental property featuring 3 units near Tyndall Air Force Base! Units 1 & 2 are a duplex and Unit 3 is a detached single unit home. Each unit features 2 bedrooms and 1 bathroom. The duplex units have been updated throughout with LVP flooring in the living area, kitchen, and bedrooms. The eat-in kitchen features ample white shaker cabinets, black appliances, and access to the backyard. The updated bathroom features tile floors, shiplap walls, shelving, and a shower/tub combo. Each unit also has a separate outdoor laundry unit and the washer/dryers were recently replaced. The spacious backyard was updated with a new fence in 2024 as well as tree removal. All 3 units received a new AC unit in 2026. Each unit is on its own water/sewer/electrical meters. More updates to the property include: a new electrical panel for the duplex in 2023; a new sewer line and driveway to the duplex as well as a new main water line to Unit 3 in 2024; water shutoff valves were added to the laundry units for emergency shutoff and freezing temperatures in 2025 as well as new flooring and floor joists in Unit 3. The metal roofs were replaced in 2018 after Hurricane Michael. This property is located near schools, parks, shopping centers, and more! This investment opportunity is one you don't want to miss.