1347 Mercedes Avenue A-B, Panama City, FL 32401 (MLS# 794521)

Design: Duplex

Apx SqFt(Htd/Cooled): 796

Construction Status: Under Construction

SqFt Source: Builders Plans

Accessory Dwelling Unit: No

Lot Dimensions: 107 x 50

New Construction: Yes

Garage Y/N: No

Pool: No

Sub-Type: Duplex Multi-Units

Bedrooms: 2

Full Baths: 2

Total Baths: 2

Year Built: 2026

List Price/SqFt: 301.51

Status: Active

List Date: 2026-08-24

List Price: $240,000

Current Price: $240,000

Unit #: A-B

Sub Area: 0202 - Bay - Central SE

Community/Resort: None

Waterfront: No

Elementary School: Cedar Grove

Middle School: Mowat

High School: Bay

Directions: From the PC mall. South on 77(MLK). Second light is 15th St (98). Turn left. 2nd street on the right is Mercedes Ave. Property is at the corner of Mercedes and 14th St.

Area: 02 - Bay County - Central

Street #: 1347

Street Name: Mercedes

Street Suffix: Avenue

State: FL

Zip Code: 32401

County: Bay

Subdivision: [No Recorded Subdiv]

Parcel ID: 16809-005-000

Legal Description: 4 4S 14W SE1/4 OF NW1/4 OF NE1/4 LOT 13 LESS W 196.73+/-' N/K/A

HOA Fee: No

New Buyer Fee: No

Last Taxes: 128.41

Last Tax Year: 2025

Brokerage Interest: Ownership Interest - Listing Broker/Salesperson has ownership interest in the property.

Remarks: INVESTORS WANTED -- BRAND-NEW INCOME-PRODUCING DUPLEX! Looking for an affordable way to add new construction to your rental portfolio? This brand-new duplex offers an excellent opportunity to generate cash flow with minimal maintenance. Convenient Panama City Location Located just one block off MLK Blvd near 15th Street, the property is close to shopping, employment, transportation, and everyday conveniences. The new MLK Recreation Center is just a stone's throw away, and a nearby bus stop is within easy walking distance. PROPERTY FEATURES • Brand-new construction • Two separate 1-bedroom / 1-bath units • Estimated rent of approximately $1,300 per month per unit • Approximately $2,600/month in combined projected rental income • Durable Hardie® siding • Quartz countertops • Luxury vinyl plank (LVP) flooring • Designed with low-maintenance rental ownership in mind The efficient 1-bedroom floor plans are ideal for singles, couples, retirees, or anyone looking for an attractive new home with manageable monthly expenses. EVEN MORE INCOME POTENTIAL One of the biggest advantages of this property is the opportunity to expand the rental income. The property has space for an additional accessory dwelling unit, and I already have a permitted plan available. For an additional fee, I can build the accessory unit for the buyer. The additional unit is projected to rent for approximately $1,300 per month, potentially increasing total gross rental income to approximately: $3,900 PER MONTH / $46,800 PER YEAR That gives an investor the opportunity to purchase the duplex today and add another income-producing unit without having to start the planning process from scratch. New construction. Low maintenance. Strong rental potential. Future expansion opportunity. Call or message me for pricing, additional property details, rental projections, or information on adding the third unit. Owner/Agent Rental amounts are estimates only and are not guaranteed. Buyer should independently verify rental rates and investment performance.

Dishwasher: 1

Disposal: 1

Microwave: 1

Range - Electric: 1

Refrigerator: 1

Water Heater - Electric: 1

Floor - Vinyl Plank: 1

Roof - Metal: 1

Siding - Hardie Board: 1

Trim - Hardie Board: 1

Double Pane Windows: 1

Unfurnished: 1

First: 1

Landscaped: 1

Survey Available: 1

City Street: 1

Driveway: 1

Resid Multi-Family: 1

Bedroom: 1

Living Room: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

First: 1

Ceiling Fan(s): 1

Electric: 1

Mini-Split/Ductless: 1

Mini-Split/Ductless: 1

MBed Walk-in Closet: 1

MBath Shower/Tub Combo: 1