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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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904 E 14th Street A-b , Panama City, FL 32401
$240,000
Est. Payment: $1,325.97/mo
2 Bed
2 Bath
792 Sqft
0.1 Acres
Status: Active | Days on site: 42
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JCREG - B1903
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Harrison Lilly Team
Owner/Operator

House Description

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.

Highlights

Listed by James Cameron , 770-560-6344 JC Real Estate Group, LLC. , 770-560-6344. Bay County Association of REALTORS

Property Type

Condo/Townhome

Lot/Acreage
0.1

Year Built

2026

County

Bay

Area

02 - Bay County - Central

Neighborhood

[No Recorded Subdiv]

Listing ID

794618

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Electric Range, Electric Water Heater
Air Cond:Ceiling Fan(s),Ductless
Fireplaces:
Other:
  • ▪ Additional:Tub Shower, Walk-In Closet(s)

Exterior Features

Lot Dimensions:87 x 48
Roof:Metal
Sewer:Public Sewer
Principal Interest
$1,326
Taxes
$153

Home Price

$240,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$48,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,325.97

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,325.97 $153.00 $0.00 $1,478.97
Yearly $15,911.59 $1,836.00 $0.00 $17,747.59
Total $477,347.56 $55,080.00 $0.00 $532,427.56

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T08:07:44.000Z

© 2026 Bay County Association of REALTORS