819 Russ Lake Drive Panama City, FL 32404

Investor & Builder Alert! Multi-Use Duplex with Expansion Potential--FHA 203(k) Eligible!Opportunity is knocking in Springfield! This permitted duplex offers 2,260 sq ft of rentable space on a .31-acre corner lot in a mixed-use zone--and it's eligible to be subdivided! Whether you're looking to build a second duplex, add a single-family home, or simply maximize rental income, the possibilities here are huge.Live in one unit and rent the other, or lease both for passive income. The upper unit features 3 spacious bedrooms, 2 full baths, and an ensuite primary suite. The lower unit includes 2 bedrooms, 1 bath, and easy front/back yard access. Each unit has indoor laundry, separate utilities, and individual electrical and water meters--perfect for long-term tenants or short-term rental flexibility.Renovations are underway and include: New windows, subfloor, PEX plumbing & electrical wiring New HVAC system & ductwork (upstairs) Recessed lighting throughout Tankless water heater New roof (2019), new siding, exterior stairs to upper unit RV hookups + large storage shedPublic utilities + natural gas onsite. Located in a quiet neighborhood just 7 miles from Tyndall AFB and 25 minutes to Panama City Beach--home to the world's most beautiful beaches.Bonus: Construction materials on site convey with sale.This is a rare chance to capitalize on Springfield's growth. Schedule your showing today and bring your vision to life!