1623 N James Avenue, Panama City, FL 32405 (MLS# 794913)

Acreage: 0.15

Design: N/A

Lot Size (SqFt): 6534

Apx SqFt(Htd/Cooled): 11664

Construction Status: Construction Complete

SqFt Source: Prop App Site

Half Baths: 1

# of Stories in Building: 2

# of Units in Bldg: 4

Accessory Dwelling Unit: No

Lot Dimensions: 80.0 ft x 83.0 ft

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Multi Family

Bedrooms: 2

Full Baths: 1

Total Baths: 2

Year Built: 1983

List Price/SqFt: 154.06

Status: Active

List Date: 2026-08-26

List Price: $1,797,000

Current Price: $1,797,000

Sub Area: 0201 - Bay - Central NE

Community/Resort: None

Waterfront: No

Elementary School: Cedar Grove

Middle School: Rutherford Middle

High School: Rutherford

Directions: From the intersection of East Ave and Hwy 98, continue east on HWY 98. Turn left on James Ave, property is on the left.

Area: 02 - Bay County - Central

Street #: 1623

Street Direction: N

Street Name: James

Street Suffix: Avenue

State: FL

Zip Code: 32405

County: Bay

Subdivision: No Named Subdivision

Parcel ID: 14834-050-000

Legal Description: 35 3S 14W -27.10C- 117C3 COM AT SW COR OF SEC TH E 40' TO E R/W LN OF SR 389 TH NLY ALG LN 1290' TO S R/W LN OF 17TH ST TH E 290.10' TO W R/W LN OF JAMES AVE TH S 85.82' FOR POB TH CONT S 83' W 80' N 83' E 80' TO POB ORB 4048 P 1230

Homestead: No

HOA Fee: No

Is Subject Leased: Yes

Rent/Mo: 1350

New Buyer Fee: No

Last Taxes: 4175.82

Last Tax Year: 2025

Brokerage Interest: No Interest

As Is: Yes

Section: 35

Township: 3S

Range: 14W

Remarks: Investment Opportunity! Turnkey 12-unit townhome community in a prime, centrally located Panama City location with convenient access to major highways. Each unit features 2 bedrooms, 1.5 bathrooms, LVP flooring, updated countertops, stainless steel appliances, and washer/dryer hookups. The property is divided across three separate parcels, with each unit individually metered for added convenience and straightforward expense management. Each unit also has assigned parking. A great opportunity for investors looking for a well-maintained, income-producing property in a convenient location.

Cooktop - Electric: 1

Dishwasher: 1

Oven - Electric: 1

Refrigerator: 1

Floor - Vinyl Plank: 1

Stairs: 1

Siding - Wood: 1

1 or More Years: 1

Porch Open: 1

Cash: 1

Conventional: 1

Unfurnished: 1

Corner Lot: 1

City Street: 1

Paved Road: 1

Assigned: 1

Driveway: 1

Resid Multi-Family: 1

Bedroom: 1

Electricity - Connected: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

As Is: 1

First: 1

Central Air: 1

Electric: 1