4 Beds
2 Baths
1,152 sqft
$249,000
331 Maine Avenue, Panama City FL, 32401
Price per sqft$216.15
Built in1945
Property size1,152 sqft
Property typeResidential
Overview
Active
Listed Sep 24, 2026
Updated 37h ago
HOT OPPORTUNITY FOR INCOME AND A BIG TAX BREAK, ALL IN ONE! Or enjoy the furnishings, appliances, decor, and accessories as an owner-occupant. EVERYTHING CONVEYS!
This versatile property, once a 4 BR 2 BA, has been converted to a 2-unit rental property that is perfect for short- or mid-term rental income or as a single-family main house/mother-in-law suite arrangement.
Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there!
This property has been rented only on Furnished Finder and by word of mouth. Seller states income for 2025 was $28,710!
WHY THIS PROPERTY IS AWESOME:
--Multiple possibilities for living/renting - especially as workforce housing for travel nurses, military, contractors, and others
--NEW METAL ROOF in 2026!
--Other updates/upgrades/repairs made recently. See attached documents.
--2 BR, 1 BA in front, 1 BR, 1 BA in back (or restore to 4/2 as noted above)
--Stated mid-term rental income of up to $1,700 for front unit, $1,600/mo for back unit - WOW!
--Full kitchen in front, efficient kitchenette in back
--SOLD FULLY FURNISHED!
--Fresh paint in main (front) unit
--Driveway parking for 4; boat parking is easy!
--HUGE backyard on this 75' x 200' lot. Make your own nature oasis with fruit trees or palms or put in a pickleball court, fire pit, and a pool!
--Close to Ascension Sacred Heart (Bay Medical), downtown PC, Eastern Shipbuilding, two marinas, Tyndall AFB, and walkable to Gene's Oyster Bar
See the full list of updates/upgrades/repairs in the attached DOCUMENTS section.
COME SEE THIS TODAY! OPEN FOR SHOWINGS ANY TIME!
$1,657/mo
Est. mortgage payment based on a $249,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 795808
Interior Features
- Bedrooms
- 4
- Bathrooms
- 2
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.34 Acres
Other Property Details
- Taxes
- $2,457
- Tax Frequency
- Annually
Courtesy of EXP Realty LLC, January Johnson,
Listing Contact: 850-691-9851
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Terri M Snyder shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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