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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Home / Panama City / 1347 Mercedes Avenue #A-B
1347 Mercedes Avenue #A-B Panama City, FL 32401 View All Photos

$240,000

| Active

1347 Mercedes Avenue #A-B

Panama City, FL 32401

796
Square Feet
2
Beds
2
Baths
6
Days on Market
794521
MLS#
Townhouse
Structure
Residential
Zone
Contact

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.

Property Details
Interior
Tub Shower, Walk In Closets
Cooling
1
Heating
Ductless
Cooling Features
Ceiling Fans, Ductless
Bedrooms
2
Bathrooms
2.0
Full Baths
2
Square Feet
796.0
Property Type
Purchase
Style
Duplex
Property Subtype Additional
Duplex
Year Built
2026
Roof
Metal
Sewer Information
Public Sewer
Utility Features
Electricity Available
Appliances
Electric Range, Electric Water Heater
Subdivision
[No Recorded Subdiv]
Community Features
Short Term Rental Allowed
Elementary School
Cedar Grove
Middle School
Mowat
High School
Bay
County
Bay
Region
Panama City
Original List Price
$240,000
Days on Market (Cumulative)
6
Taxes Annual
$128
MLS #
794521
Property Subtype
Duplex
Parcel Number
16809-005-000
MLS #
794521
Structure Type
Duplex
Date Listed
August 24, 2026
Address
1347 Mercedes Avenue #A-B
Location
Legal

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Provided By
Listed by James Cameron (#B1903)
Listing Office: JC Real Estate Group, LLC. (#JCREG)

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