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6321 Lenawee Street Unit D, Panama City
$2,075,000
2 Beds ⋅ 1 Baths ⋅ 794715 MLS
Investor opportunity! The Lenawee Apartments, located at 6318-6321 Lenawee St in Panama City, FL, offer a multifamily investment opportunity with 18 total units across five buildings. The property includes four quadplexes with 16 two-bedroom, one-bath units of approximately 750 square feet each, along with a duplex featuring two additional two-bedroom, one-bath units of approximately 832 square feet each. All five buildings were constructed in 1985 and feature stucco exteriors. Recent improvements include 2019 roofs and 2020 water heaters, and the units are individually metered for water and electricity. Conveniently located near retail, dining, major roadways, and Tyndall Air Force Base, the property offers strong potential for an investor looking to add a multifamily property to their portfolio.

6321 Lenawee Street Unit D, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

13801 Bay Avenue, Panama City Beach
$725,000
6 Beds ⋅ 4 Baths ⋅ 794706 MLS
Two residences, one property, and an incredible opportunity just steps from the Gulf in sought-after Bid-A-Wee!Located within a section of the neighborhood where SHORT-TERM RENTALS ARE PERMITTED, 13801 Bay Avenue offers a rare combination of flexibility, beach access, and investment potential in the heart of Panama City Beach. Situated on a single parcel are two separate 3-bedroom, 2-bath residences totaling approximately 2,300 square feet of living space. Both offer their own living areas, kitchens, laundry, private entrances, fenced outdoor spaces, and garage access, creating countless possibilities for how the property can be enjoyed. The main home has received updates throughout and includes a sunroom/breezeway leading to the garage and backyard, while the second residence offers an open layout and covered front porch. With six bedrooms and four bathrooms between the two, the setup works beautifully for extended family, guests, a primary residence with additional income potential, or a vacation rental investment. Generous parking also provides room for additional vehicles or a boat. And then there's the location! Bid-A-Wee is known for its gated, deeded beach access, offering a more private way to enjoy Panama City Beach's sugar-white sand and emerald Gulf waters. The beach is just a short walk or quick golf-cart ride away, while Pier Park, shopping, restaurants, entertainment, nightlife, and everyday conveniences are all just minutes from home. Properties offering this combination of two residences, short-term rental potential, garage and outdoor space, beach access, and a central PCB location don't come along often. Whether you're looking for a primary home with additional living quarters, a multigenerational setup, beach getaway, or income-producing opportunity, 13801 Bay Avenue gives you the flexibility to make it your own. Two residences. Six bedrooms. Beach access. Short-term rental potential. One unique Bid-A-Wee opportunity.

13801 Bay Avenue, Panama City Beach

Listing courtesy of eXp Realty, LLC.

904 E 14th Street Unit A-B, Panama City
$240,000
2 Beds ⋅ 2 Baths ⋅ 794618 MLS
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. See 1347 Mercedes Ave and 900 E 14th St for the additional properties.

904 E 14th Street Unit A-B, Panama City

Listing courtesy of JC Real Estate Group, LLC..

1263 Harris Road, Ozark
$225,000
558561 MLS
Four 2Bd/1Ba townhomes. 1229, 1245, 1339, and 1352 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties.

1263 Harris Road, Ozark

Listing courtesy of Forrest & Fields CRE.

1339 Harris Road, Ozark
$225,000
558560 MLS
Four 2Bd/1Ba townhomes. 1229, 1245, 1263, and 1352 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties.

1339 Harris Road, Ozark

Listing courtesy of Forrest & Fields CRE.

1245 Harris Road, Ozark
$225,000
558562 MLS
Four 2Bd/1Ba townhomes. 1229, 1263, 1339, and 1352 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties. See attached sheet for other properties listed with Kelly Woodham.

1245 Harris Road, Ozark

Listing courtesy of Forrest & Fields CRE.

1229 Harris Road, Ozark
$225,000
558563 MLS
Tenant occupied. 1245, 1263, 1339, and 1352 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties. See attached sheet for other properties listed with Kelly Woodham.

1229 Harris Road, Ozark

Listing courtesy of Forrest & Fields CRE.

1352 Harris Road, Ozark
$300,000
558559 MLS
Four 2Bd/1.5Ba townhomes. 1229, 1245, 1263, and 1339 Harris Road are also available. Prospective buyers must submit a pre-approval letter or proof of funds to the listing agent prior to touring the properties.

1352 Harris Road, Ozark

Listing courtesy of Forrest & Fields CRE.

1347 Mercedes Avenue Unit A-B, Panama City
$240,000
2 Beds ⋅ 2 Baths ⋅ 794521 MLS
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 is the listing Agent Rental amounts are estimates only and are not guaranteed. Buyer should independently verify rental rates and investment performance.

1347 Mercedes Avenue Unit A-B, Panama City

Listing courtesy of JC Real Estate Group, LLC..

1656 Scenic Gulf Drive, Miramar Beach
$2,975,000
8 Beds ⋅ 8 Baths ⋅ 794371 MLS
Completely reimagined and extensively renovated in 2026, this Miramar Beach duplex offers two identical three story residences totaling 5,040 square feet of heated and cooled living space. With no HOA, deeded beach access directly across Scenic Gulf Drive, Gulf views, a fenced shared pool, and an updated paved driveway with on site parking, this is a rare Emerald Coast opportunity. Each residence offers approximately 2,520 square feet with 4 bedrooms, 3 full bathrooms, and 1 half bathroom. The first floor includes two bedrooms, a full bathroom, and a spacious living area with direct pool access. One first floor bedroom in each residence features custom built bunk beds for additional sleeping accommodations. The second floor features an open living and dining area, half bathroom, Gulf view balcony, and updated kitchen with quartz countertops, white shaker cabinetry, subway tile backsplash, stainless steel appliances, and generous storage. The third floor provides two bedrooms, two full bathrooms, and an additional Gulf view balcony. Permitted improvements include a metal reroof, siding, doors, flooring, sheetrock, kitchens, bathrooms, water heaters, vanities, plumbing and electrical fixtures, trim, ceiling fans, lighting, paint, and refreshed exterior amenities. This property offers exceptional flexibility for investment, multigenerational living, or a coastal retreat.

1656 Scenic Gulf Drive, Miramar Beach

Listing courtesy of Counts Real Estate Group Inc.

212 Montana St, Dothan
$74,900
3 Beds ⋅ 2 Baths ⋅ 214349 MLS
INVESTMENT for you, HOME for two lucky tenants OR time for a change by making this duplex back to it original layout. Let's get creative and make this old charmer like new!!! It is a must see in a great location!

212 Montana St, Dothan

Listing courtesy of JW Grant Realty.

2122 Anne Avenue, Panama City
$349,000
9 Beds ⋅ 6 Baths ⋅ 794136 MLS
**INVESTOR ALERT** This piece of property on the East end of the beach has so many options, making this perfect for your next investment! Almost .7 of an acre in the Upper Grand Lagoon area, with current Trailer Park Zoning, has five mobile homes on the property. Four are being rented to long term tenants under market value. The other could be remodeled or replaced because of the zoning. All are metered separately and pay their own electric and water. Leaving this property ''as is'' gives strong cash-flow opportunity. This would also make a great development opportunity. Currently, it could be developed as two duplexes, or with a development order could be changed to multi-family. Please do not disturb tenants. All measurements/information are approximate. Buyer to do their own due diligence.

2122 Anne Avenue, Panama City

Listing courtesy of SimpliHOM.

1341 E Park Road Unit S1-4, Panama City
$400,000
2 Beds ⋅ 1 Baths ⋅ 794088 MLS
SELLER PROVIDED APPRAISAL & SURVEY IN DOCUMENTS! GREAT INVESTMENT OPPORTUNITY! This is 1 of 3 Apartment Buildings For Sale. There is Q1-4, R1-4 & S1-4. Other Parcel Numbers: 07238-006-000, 07238-003-000 Each building has 4 apartments 2/1 Bath about 750 sq. ft. each with total area of 3000 sq. ft. total. All 3 buildings have 12 total units, 9,000 sq ft total. $1,200,000 for all three buildings. Rental Income available and expenses. Vacancy is typically 90% and rent fast when turned over. Buyer and Buyers agent to verify all dimensions and anything deemed important.

1341 E Park Road Unit S1-4, Panama City

Listing courtesy of Anchor Realty Florida.

1339 E Park Road Unit R1-4, Panama City
$400,000
2 Beds ⋅ 1 Baths ⋅ 794086 MLS
SELLER PROVIDED APPRAISAL & SURVEY IN DOCUMENTS! GREAT INVESTMENT OPPORTUNITY! This is 1 of 3 Apartment Buildings For Sale. There is Q1-4, R1-4 & S1-4. Other Parcel Numbers: 07238-006-000, 07238-003-000 Each building has 4 apartments 2/1 Bath about 750 sq. ft. each with total area of 3000 sq. ft. total. All 3 buildings have 12 total units, 9,000 sq ft total. $1,200,000 for all three buildings. Rental Income available and expenses. Vacancy is typically 90% and rent fast when turned over. Buyer and Buyers agent to verify all dimensions and anything deemed important.

1339 E Park Road Unit R1-4, Panama City

Listing courtesy of Anchor Realty Florida.

8723 Conch Shell Court, Panama City Beach
$399,000
2 Beds ⋅ 2 Baths ⋅ 794082 MLS
Charming 2-bedroom, 2-bath Bamboo Cottage in Latitude at Watersound, beautifully updated with thoughtful upgrades throughout. The kitchen features quartz countertops, a gas range, KitchenAid appliances, custom lighting, and a stylish backsplash, while plantation shutters and fresh interior paint add to the home's polished feel. Both bathrooms feature tile, and the home offers 8-foot oversized doors throughout, a screened-in porch, and a recently epoxied garage floor. The primary closet has also been enhanced with custom shelving for added organization and storage. Whether you're looking for a vacation getaway, an investment property, or your own Latitude at Watersound retreat, this charming cottage is ready to enjoy and make your own.

8723 Conch Shell Court, Panama City Beach

Listing courtesy of Legacy Premier Agency.

1337 E Park Road Unit Q1-4, Panama City
$400,000
2 Beds ⋅ 1 Baths ⋅ 794078 MLS
SELLER PROVIDED APPRAISAL & SURVEY IN DOCUMENTS! GREAT INVESTMENT OPPORTUNITY! This is 1 of 3 Apartment Buildings For Sale. There is Q1-4, R1-4 & S1-4. Other Parcel Numbers: 07238-006-000, 07238-003-000 Each building has 4 apartments 2/1 Bath about 750 sq. ft. each with total area of 3000 sq. ft. total. All 3 buildings have 12 total units, 9,000 sq ft total. $1,200,000 for all three buildings. Rental Income available and expenses. Vacancy is typically 90% and rent fast when turned over. Buyer and Buyers agent to verify all dimensions and anything deemed important.

1337 E Park Road Unit Q1-4, Panama City

Listing courtesy of Anchor Realty Florida.

143 Claire Avenue Unit 101, Panama City
$389,900
793822 MLS
143 Claire Ave Turnkey 6 Unit Multifamily Investment Excellent investment opportunity! 143 Claire Ave is a remodeled 6-unit multifamily property, consisting of six studio apartments. The property has been updated and offers an investor the opportunity to acquire an income producing asset without taking on a major renovation project. Each unit features an efficient studio layout, making the property well suited for tenants looking for affordable, low maintenance living. With six individual rental units under one roof, this property provides multiple income streams and strong potential for consistent occupancy. Whether you're looking to add to an existing rental portfolio or get into multifamily investing, 143 Claire Ave offers a great combination of updated units, rental income potential, and manageable size. Six units. Remodeled. Income producing. Ready for its next owner.

143 Claire Avenue Unit 101, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

2313/2311 Anne Avenue, Panama City Beach
$899,000
6 Beds ⋅ 6 Baths ⋅ 793756 MLS
Performing, luxury DUPLEX short term rental on the desirable east end of Panama City Beach. Fully furnished, averaging $43k income per unit per year. -Individual, privately fenced backyard per unit -Private, covered porches -Individual, private garage per unit -In ground sprinkler system -Oversized lot with room for pool or expansion

2313/2311 Anne Avenue, Panama City Beach

Listing courtesy of Corcoran Reverie SRB.

143 Claire Avenue Unit 101, Panama City
$389,900
6 Beds ⋅ 6 Baths ⋅ 793806 MLS
143 Claire Ave Turnkey 6 Unit Multifamily Investment Excellent investment opportunity! 143 Claire Ave is a remodeled 6-unit multifamily property, consisting of six studio apartments. The property has been updated and offers an investor the opportunity to acquire an income producing asset without taking on a major renovation project. Each unit features an efficient studio layout, making the property well suited for tenants looking for affordable, low maintenance living. With six individual rental units under one roof, this property provides multiple income streams and strong potential for consistent occupancy. Whether you're looking to add to an existing rental portfolio or get into multifamily investing, 143 Claire Ave offers a great combination of updated units, rental income potential, and manageable size. Six units. Remodeled. Income producing. Ready for its next owner.

143 Claire Avenue Unit 101, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

917 Bradford Circle, Lynn Haven
$545,000
6 Beds ⋅ 6 Baths ⋅ 793726 MLS
Discover a rare gem in this triplex located in Lynn Haven, Florida. 913, 915, 917 Bradford Circle presents an outstanding investment opportunity with immediate returns and substantial growth potential. All three units are currently occupied, ensuring a steady stream of income from day one, totaling an impressive $3,000 per month. What truly sets this property apart is the untapped potential for increased profitability; current rental rates have remained the same for some time, offering an opportunity for the new owner to optimize income and significantly boost your return on investment. You might also consider occupying one unit and renting out the remaining two, offering both a place to live and rental income. Beyond its financial appeal, the triplex boasts a location that is highly attractive to renters. Situated just minutes away from Lynn Haven schools, a diverse array of shops and dining options, beautiful community parks, and convenient boat ramps, residents will enjoy unparalleled access to amenities and recreational activities. The property has a total of six bedrooms and six bathrooms, with each of the three units thoughtfully designed to include two bedrooms and two bathrooms, for those tenants that need the extra space! Some recent upgrades include a newer metal roof installed in 2022 and two newer air conditioning units. Don't miss this chance to acquire a turn-key investment that combines stable current cash flow with the exciting prospect of future appreciation and enhanced rental income. *All measurements to be verified by the buyer.

917 Bradford Circle, Lynn Haven

Listing courtesy of ERA Neubauer Real Estate Inc.

12933 Farm Road, Southport
$155,000
8 Beds ⋅ 5 Baths ⋅ 793721 MLS
Outstanding multifamily investment opportunity with exceptional potential! This 2.5-acre corner parcel in Southport, Florida, features three income-producing mobile homes and is ideal for investors looking to expand their rental portfolio. The seller is retiring, creating an excellent opportunity to own a property with established rental history and future upside. Conveniently located just 11 miles (approximately 15 minutes) from Lynn Haven, the property offers a peaceful setting with easy access to shopping, dining, schools, and everyday conveniences. The surrounding area includes established neighborhoods such as Lake Merial, White Oaks, and Skunk Valley. The mobile homes are older and could benefit from some TLC, but they have provided consistent rental income for many years. Previous rental rates were $750/month, $550/month, and $675/month, with long-term tenants in place. The seller believes current market conditions may support higher rental rates, offering additional income potential. Whether you choose to continue operating the property as a rental investment, renovate the existing homes, or take advantage of the beautiful corner parcel to build your dream home, this property offers flexibility and numerous possibilities. Don't miss this unique opportunity to own acreage with income potential in a desirable and growing area. Property and home dimensions are approximate.

12933 Farm Road, Southport

Listing courtesy of Coldwell Banker Realty.

108 Anderson Rd, Troy
$130,000
2 Beds ⋅ 2 Baths ⋅ 214189 MLS
Exceptional opportunity to own Unit #15 in a professionally maintained multifamily development located in Troy, Alabama. This well-designed 2-bedroom, 2-bathroom apartment offers approximately 1,052 square feet of single-story living space with a functional floor plan, quality finishes, and excellent long-term investment potential. This property is part of a larger offering consisting of 14 total income-producing units, providing investors with exceptional flexibility. Whether you're looking to purchase a single investment property, expand your rental portfolio with multiple units, complete a 1031 exchange, or acquire the entire portfolio, this offering can be tailored to meet your investment goals. Ideally located just minutes from Troy University, downtown Troy, shopping, dining, healthcare, and major employers, the property's location contributes to consistent rental demand and long-term investment stability in one of South Alabama's strongest rental markets. Investment Options Purchase Unit #15 individually. Units may also be purchased in packages of two or more. Investors have the opportunity to acquire up to all 14 available units. Package Pricing: Multiply the number of units by $130,000 per unit. Property Highlights 2 Bedrooms | 2 Bathrooms Approximately 1,052 square feet Desirable single-story floor plan Kitchen appliances included Strong income-producing potential Excellent opportunity for portfolio expansion or a 1031 exchange Convenient location in Troy, Alabama

108 Anderson Rd, Troy

Listing courtesy of South Place Properties.

467 E Eufaula Street, Ozark
$699,900
558400 MLS
Excellent investment opportunity in the Brentwood subdivision in Ozark! This portfolio includes 10 townhome units across 3 buildings, offering strong rental potential and consistent income. Seller owns 4 units in Building 1, 3 units in Building 2, and 3 units in Building 3. Each townhome features a functional and desirable layout with 2 bedrooms and 1 full bath upstairs, along with a convenient half bath on the main level. The main floor also includes a spacious living area, kitchen, and dining space, plus access to a private back porch and a laundry/storage room. Brentwood subdivision amenities include a community pool for tenant enjoyment. Monthly HOA dues are $45 per unit, helping cover common area maintenance and community features. Each unit has its own electric & water meters, so each tenant is responsible for their own utilities. Don’t miss this opportunity to own a multi-unit investment property in a well-established neighborhood! Refer to attached documents.

467 E Eufaula Street, Ozark

Listing courtesy of Keller Williams Realty Southeast Alabama.

467 Eufaula St, Ozark
$699,900
20 Beds ⋅ 20 Baths ⋅ 214167 MLS
Excellent investment opportunity in the Brentwood subdivision in Ozark! This portfolio includes 10 townhome units across 3 buildings, offering strong rental potential and consistent income. Seller owns 4 units in Building 1, 3 units in Building 2, and 3 units in Building 3. Each townhome features a functional and desirable layout with 2 bedrooms and 1 full bath upstairs, along with a convenient half bath on the main level. The main floor also includes a spacious living area, kitchen, and dining space, plus access to a private back porch and a laundry/storage room. Brentwood subdivision amenities include a community pool for tenant enjoyment. Monthly HOA dues are $45 per unit, helping cover common area maintenance and community features. Each unit has its own electric & water meters, so each tenant is responsible for their own utilities. Don't miss this opportunity to own a multi-unit investment property in a well-established neighborhood! Refer to attached documents.

467 Eufaula St, Ozark

Listing courtesy of Keller Williams Southeast Alabama.

6806 Thomas Drive, Panama City
$2,000,000
8 Beds ⋅ 10 Baths ⋅ 793380 MLS
Brand-new construction duplex, perfectly positioned just a 3-minute stroll from the beach with no HOA! Designed for elevated living and exceptional rental performance, each townhome offers approximately 2,500 square feet of thoughtfully curated living space, featuring 4 spacious bedrooms, a bonus living area, and 4.5 designer bathrooms. Every detail has been carefully selected, from the premium luxury vinyl plank flooring and quartz countertops to the Frigidaire Gallery appliance package, designer lighting and plumbing fixtures, and commercial-grade Hayward pool equipment with private heated pools. The first floor welcomes you with a private guest suite featuring an en-suite bath, while the expansive open-concept kitchen, dining, and living areas flow seamlessly to a covered outdoor living space complete with a fireplace and private heated pool--creating the perfect setting for entertaining or relaxing after a day at the beach. The second level offers two generously sized bedroom suites, each with its own en-suite bath and walk-in closet, providing comfort and privacy for family and guests alike. The third floor serves as a private retreat, featuring a spacious bonus living room, convenient kitchenette, and access to an oversized covered balcony where you can enjoy Gulf views and coastal breezes. An additional bedroom suite with a walk-in closet and en-suite bath completes this level, while multiple flex closets throughout the home provide abundant storage or dedicated owner lockout space. Whether you're seeking a premier luxury vacation rental, a second home, or a full-time coastal residence, this exceptional property delivers the perfect combination of sophisticated design, modern amenities, and an unbeatable beachside location.

6806 Thomas Drive, Panama City

Listing courtesy of RE Florida Homes.

2495 Decatur Rd, Cottonwood
$285,000
13 Beds ⋅ 8 Baths ⋅ 214027 MLS
Turnkey Manufactured Home Rental Portfolio – 4.52 Acres on Decatur Road, Cottonwood, AL. A rare opportunity to acquire a fully occupied, income-producing rental portfolio in one package. This offering includes four manufactured homes situated on 4.52 total acres at 2400, 2495, 2510, and 2521 Decatur Road in Cottonwood. The portfolio consists of three double-wide homes and one single-wide, several with recent updates and two that have been fully renovated. All four units are currently occupied and generating rental income. Beyond the existing homes, the acreage offers room for additional units to be placed, giving an investor the ability to expand the portfolio's income potential over time. Whether you are looking to add a stabilized cash-flowing asset to your portfolio or build out additional rental units on site, this package offers flexibility, immediate income, and long-term upside. Property Highlights: 4 manufactured homes (3 double-wide, 1 single-wide) across 4 parcels, 4.52 total acres, 100% occupied with current rental income, recent updates throughout; two homes fully renovated, additional pad space available for future home placement, and sold as a package.

2495 Decatur Rd, Cottonwood

Listing courtesy of Keller Williams Southeast Alabama.

805 Tacoma Street, Dothan
$107,000
558277 MLS
Great investment opportunity with immediate income!! 2 units, both were completely remodeled 2026 to include new flooring, updated plumbing, new cabinets & appliances, bathrooms have new showers, toilets and vanities, plus new roof 2026. Both units are 2/1 and both units are currently rented. One unit is rented for 750.00 and the other unit rented for 650.00 per month but is currently vacant. All major work has been done, including placing the tenants. Call listing agent for appointment!

805 Tacoma Street, Dothan

Listing courtesy of Leisa Johnson's HomeTown Realty.

144 & 146 Claire Avenue, Springfield
$249,000
4 Beds ⋅ 2 Baths ⋅ 792854 MLS
Duplex at 144 & 146, Start generating income immediately with this beautifully updated duplex in the heart of Springfield. Each unit has been recently remodeled and features 2 bedrooms, 1 bathroom, a combined living and kitchen area, new cabinets, countertops, flooring, appliances, and fresh interior paint. Both units also include a private outdoor storage shed, adding extra convenience for tenants.

144 & 146 Claire Avenue, Springfield

Listing courtesy of Realty One Group Emerald Coast.

405 Massalina Drive, Panama City
$865,000
7 Beds ⋅ 6 Baths ⋅ 792225 MLS
$7100 per month or $85,200 per year in rental income from the carriage house and quadplex/fourplex. Perfect for a DSCR loan where your rental income pays for your mortgage, plus you get a dock and a place to park your boat on deep water. Waterfront masterpiece with deep water access to the Bay and the Gulf of Mexico. This is the most versatile quadplex/fourplex plus carriage house (comes fully furnished) in Panama City. Here is the rental income breakdown: Carriage house = $1750 per month; Apartment 1 (Civil Contractor) = $1450 per month; Apartment 2 (Realtor) = $1450 per month; Apartment 3 (Property Maintenance Man) = $1,000 per month (reduced because he takes care of the lawn and pool - you could charge $1450); Apartment 4 (Josh) = $1450 per month Total income = $7100 per month. New custom landscaping and beautiful decking, shared dock with fish cleaning station. Location is easy to access to newly renovated downtown entertainment with shopping, dining, concerts and ongoing festivities. Direct views of Massalina Bayou offering serene surroundings and a true coastal lifestyle. Prime location near top shopping, dining, entertainment, and local attractions. This unique combination of parcels provides endless possibilities--multigenerational living, a fully income-producing investment, or use the carriage house a primary residence and rent out the fourplex for excellent rental income. With its unmatched flexibility, new construction quality, and breathtaking bayou views, this property checks all the boxes.

405 Massalina Drive, Panama City

Listing courtesy of Keller Williams Realty Emerald.

605 10th Street, Port St Joe
$589,900
5 Beds ⋅ 4 Baths ⋅ 792097 MLS
Welcome to 605 10th Street, a rare multi-unit opportunity in the heart of Port St. Joe that offers strong income potential and flexibility in how you use it. This property consists of three separate homes on one parcel and produced over $90K in rental income last year, with short-term rentals permitted. The main home is a 3BR/2BA around 1,800 sqft and was remodeled after Hurricane Michael, featuring a comfortable layout and a screened-in front porch perfect for enjoying slow mornings. With mixed-use zoning, this home could continue as a long-term rental, be used as a full-time residence, or be converted into a business space--ideal for someone looking to live or operate in PSJ. Behind the main home are two matching 1BR/1BA cottages, each roughly 500 sqft, built in 2005 and updated in 2010. Both offer a cozy living/kitchen area, private parking off the alley, and are currently operating as successful short-term rentals. A large storage shed sits at the back of the property, offering plenty of room for bikes, kayaks, tools, or owner storage. The location is tough to beat--just minutes to downtown, the marina, boat ramp, and within walking distance of the city rec park and ball fields. Whether you're looking to expand your investment portfolio, live in one unit while renting the others, or run a business with built-in income, 605 10th Street offers a versatile and highly desirable setup in one of Port St. Joe's most convenient areas. Call today!

605 10th Street, Port St Joe

Listing courtesy of 98 Real Estate Group, LLC.

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