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This property will sell quickly because of the tremendous investment income. Downstairs 1 bedroom / 1 bathroom apartment can be rented for $1000 per month. The upstairs 2 bedroom / 2 bathroom apartment can be rented for $1850 per month. $2850 per month in potential rental income - enough to cover your mortgage - so you get to live in the main home which boasts 4 bedrooms / 2 bathrooms and a generous 1756 square feet and rent the 2 apartments. The entire property is a whopping 3184 square feet on a 1/3 acre. There is a pool in the backyard that serves as an anchor for both the main home and two apartments. Tenants will pay extra for this type of amenity. Or, utilize both or one of the apartments for a mother-in-law quarters. Located in the historic Cove neighborhood, close to all major roads, 23rd Street, 15th Street, Highway 77. Located very close the Ascension Sacred Heart, so perfect for a doctor that wants the additional income. Also, right in the middle of town where you can get to Tyndall Air Force Base to the east, the Navy Base to the west, and close enough to Panama City Beach for a day trip. This home old Florida charm with original hardwood floors in the main living area, large front porch, and a newer metal roof. The kitchen has been completely updated and features all stainless appliances, and a Rinnai tankless hot water system PLUS it comes with a large detached two car garage. Gas water heater and gas heat in the upstairs apartment. Downstairs apartment has a window unit for heat and air. The entire property is on city water and sewer. Come find out why so many people are flocking to the Cove - make this home your own, it will not last long.
| DAYS ON MARKET | 0 | LAST UPDATED | 10/26/2025 |
|---|---|---|---|
| TRACT | Cove | YEAR BUILT | 1945 |
| COMMUNITY | 27 - Bay County | COUNTY | Bay |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Cherry Street |
|---|---|
| Jr. High School | Jinks |
| High School | Bay |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Electric Cooktop, Microwave |
| AREA | 27 - Bay County |
| GARAGE | Attached Garage |
| HEAT | Central, Electric |
| LOT | 0 |
| LOT DIMENSIONS | 105x140 |
| PARKING | Attached |
| POOL DESCRIPTION | Outdoor Pool |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Contemporary |
| SUBDIVISION | Cove |
| UTILITIES | Cable Available |
| WATER | Public |
| ZONING | Resid Single Family |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Keller Williams Realty SRB
The information being provided is for consumers 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 believed to be accurate but is not guaranteed.
All listings are provided courtesy of the Emerald Coast Association of Realtors
© 2025 Emerald Coast Association of REALTORS®, Inc. (ECARMLS). All rights reserved. Vendor Member Number: 28306
All listings are provided courtesy of the Emerald Coast Association of Realtors
© 2025 Emerald Coast Association of REALTORS®, Inc. (ECARMLS). All rights reserved. Vendor Member Number: 28306
This IDX solution is (c) Diverse Solutions 2025.