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MLS# 784733

Status: Active
331 Maine Avenue
Panama City, FL 32401
$237400.00

Beds Total: 4
Bathrooms: 2.00
Baths Full: 2
Sq Ft Total: 1152.00
Acres: 0.34
Year Built: 1945
On Waterfront: No
(850) 691-9851


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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 property, once a 4 BR 2 BA, has been converted to a 2-unit rental property, perfect for short- or mid-term rental income or a single-family main house/mother-in-law suite arrangement. This property has been rented only on Furnished Finder and by word of mouth. Income for 2025 was $28,710!Want to restore the 4/2 as one unit? No problem! Just uncover the blocked-off door between units, and you're there.WHY THIS PROPERTY IS AWESOME:--Multiple possibilities for living/renting - especially as workforce housing for travel nurses, contractors, and others--2 BR, 1 BA in front, 1 BR, 1 BA in back--Proven 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!--Driveway parking for 4; boat parking is easy!--HUGE backyard on this 75' x 200' lot. Make your own nature oasis or put in a pool!--Close to Ascension Sacred Heart (Bay Medical), downtown PC, Eastern Shipbuilding, two marinas, Tyndall AFB, and Gene's Oyster BarCOME SEE THIS TODAY! OPEN FOR SHOWINGS ANY TIME!

Additional Features

List Date:2026-02-05
Full Baths:2
Waterfront:No
Sub Area:0202 - Bay - Central SE
Community/Resort:None
Parcel ID:22512-000-000
Elementary School:Cherry Street
Middle School:Jinks
High School:Bay
Appliances:Dryer,Range - Electric,Refrigerator,Washer,Water Heater - Electric
HOA Fee:No
Cumulative DOM:29
Days On Market:29
Last Taxes:2457.00
Last Tax Year:2025
Utilities:Electricity - Connected,Public Sewer - Connected,Public Water - Connected
Present Zoning:Resid Single Family
Exterior:Porch - Covered
Lot Features:Within 1/2 Mile to Water
Construction/Siding:Siding - Vinyl