6521 Chipewa Street A, B, C, Panama City, FL 32404 (MLS# 788557)

HOA Fee: No

New Buyer Fee: No

Last Taxes: 2404

Last Tax Year: 2025

Brokerage Interest: No Interest

List Price/SqFt: 177.1

Status: Active

List Date: 2026-04-18

List Price: $280,000

Current Price: $280,000

Unit #: A, B, C

Sub Area: 0202 - Bay - Central SE

Community/Resort: None

Waterfront: No

Elementary School: Callaway

Middle School: Rutherford Middle

High School: Rutherford

Directions: Heading South on Tyndall Pkwy, Turn East on Cherry Street, Right on Comet Ave, Left on Chipewa Street. Triplex is on the left.

Area: 02 - Bay County - Central

Street #: 6521

Street Name: Chipewa

Street Suffix: Street

State: FL

Zip Code: 32404

County: Bay

Subdivision: Callaway

Parcel ID: 06837-040-000

Legal Description: CALLAWAY PLAT 132B1 LOTS 23 & 24 BLK 27 ORB 4415 P 2185

Design: N/A

Apx SqFt(Htd/Cooled): 1581

Immediate Occupancy: No

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 1

# of Units in Bldg: 3

Lot Dimensions: 75 x 172

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Triplex Multi-Units

Bedrooms: 3

Full Baths: 3

Total Baths: 3

Year Built: 1977

Remarks: This well-maintained triplex presents a compelling investment opportunity in Panama City, FL, just 12 minutes from Tyndall Air Force Base and approximately 15 minutes to downtown Panama City. The property features three well-designed units, each offering functional layouts and comfortable living spaces that continue to support strong rental demand in the area. With current income generation already in place, end units are producing $900 and middle unit is producing $875 per month, delivering immediate cash flow from day one. This established performance provides investors with a stable, income-producing asset in a market that continues to show resilience and growth. Strategically positioned near key employment centers, including Tyndall AFB and downtown Panama City, the property benefits from it's solid construction and proven rental history making it an ideal addition for investors seeking both dependable cash flow and long-term appreciation. Whether expanding an existing portfolio or entering the multifamily space, this triplex offers a rare combination of current income, strategic location, and future upside in one of Northwest Florida's steadily growing markets.

Range - Electric: 1

Refrigerator: 1

Water Heater - Electric: 1

Breakfast Bar: 1

Floor - Tile: 1

Brick: 1

Foundation - Slab on Grade: 1

Roof - Metal: 1

Porch Covered: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Unfurnished: 1

First: 1

First: 1

Paved Road: 1

Driveway: 1

Parking Lot: 1

Shared Driveway: 1

Bedroom: 1

Kitchen: 1

Living Room: 1

Electricity - Connected: 1

Garbage: 1

Public Sewer - Connected: 1

Public Water - Connected: 1

As Is: 1

First: 1

Central Air: 1

Central: 1