803 Oak Avenue, Panama City, FL 32401 (MLS# 787848)

Acreage: 0.37

Design: Triplex

Lot Size (SqFt): 15987

Apx SqFt(Htd/Cooled): 2914

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 1

Accessory Dwelling Unit: No

Lot Dimensions: 100x160

New Construction: No

Garage Y/N: No

Pool: No

Sub-Type: Detached Single Family

Bedrooms: 6

Full Baths: 4

Total Baths: 4

Year Built: 1964

List Price/SqFt: 170.21

Status: Active

List Date: 2026-03-24

List Price: $496,000

Current Price: $496,000

Sub Area: 0203 - Bay - Central SW

Community/Resort: None

Waterfront: No

Elementary School: Cherry Street

Middle School: Jinks

High School: Bay

Directions: South on Jenks Ave, Right on 8th Street, this property is located on the corner of Oak and 8th St. Enter house from 8th Street not Oak

Area: 02 - Bay County - Central

Street #: 803

Street Name: Oak

Street Suffix: Avenue

State: FL

Zip Code: 32401

County: Bay

Subdivision: Gulf Coast Dev Co Plat

Parcel ID: 19998-010-000

Legal Description: GULF COAST DEV PLAT LOTS 11 & 12 BLK 43 MAP 92A4 ORB 4550 P 1447

HOA Fee: No

Is Subject Leased: Yes

New Buyer Fee: No

Brokerage Interest: No Interest

Remarks: Investment Opportunity on 100x160 corner lot in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: • Unit 1: 2 bedrooms, 1 bath • Unit 2: 1 bedroom, 1 bath • Unit 3: 3 bedrooms, 2 baths Seller says current rental income - Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500-$700/month--bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three--flexibility makes this property ideal for both investors and owner-occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move-in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.

First: 1

First: 1

Dryer: 1

Microwave: 1

Range - Electric: 1

Refrigerator: 1

Washer: 1

Water Heater - Tankless: 1

Breakfast Bar: 1

Floor - Tile: 1

Floor - Vinyl Plank: 1

Kitchen Island: 1

Window - Treatment Some: 1

Brick: 1

Roof - Composite Shngl: 1

Other - See Remarks: 1

Fenced Lot-Part: 1

Patio Covered: 1

Patio Open: 1

Cash: 1

Conventional: 1

Unfurnished: 1

First: 1

Corner Lot: 1

Sidewalk: 1

Within 1/2 Mile to Water: 1

City Street: 1

Paved Road: 1

Driveway: 1

Bedroom: 1

Dining Room: 1

Great Room: 1

Living Room: 1

ShowingTime: 1

Electricity - Connected: 1

Sewer Available: 1

Public Water - Connected: 1

As Is: 1

First: 1

Central Air: 1

Electric: 1

Mini-Split/Ductless: 1

Central: 1

Electric: 1

Mini-Split/Ductless: 1

MBath Shower Only: 1

MBed First Floor: 1

MBath Shower/Tub Combo: 1