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Harrison Lilly Team

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

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2600 E 1st Plaza , Panama City, FL 32401
$675,000
Est. Payment: $3,729.28/mo
6 Bath
2432 Sqft
0.35 Acres
Status: Active | Days on site: 18
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BENB - B1509
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Harrison Lilly Team, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Harrison Lilly Team
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House Description

Income-producing opportunity in Panama City! Located at 2600, 2602, and 2604 E 1st Plaza, this six-unit property features one-bedroom, one-bathroom units with approximately 518 square feet each. Convenient to shopping and schools, each unit includes water and garbage service in the rent. Reported monthly rents range from $1,076 to $1,225, totaling $6,891 in gross monthly rental income, or $82,692 annualized at current rental rates before expenses. An opportunity to establish or expand your rental portfolio. Buyers should verify square footage, lease terms, rental income, and operating expenses during due diligence.
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Highlights

Listed by Heather H Neubauer , 850-774-2832 ERA Neubauer Real Estate Inc , 850-785-1551. Bay County Association of REALTORS

Property Type

Multi-Family
Lot/Acreage
0.35

Year Built

2023

County

Bay

Area

05 - Bay County - East

 Neighborhood

Fairview

Listing ID

794807

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bathrooms:6
  • ▪ Full Bathrooms:6
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot Dimensions:147.0 ft x 105.0 ft
Sewer:Public Sewer
Parking Features:Paved
Principal Interest
$3,729
Taxes
$442

Home Price

$675,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$135,000
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:
$3,729.28

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,729.28 $442.19 $0.00 $4,171.47
Yearly $44,751.33 $5,306.33 $0.00 $50,057.66
Total $1,342,540.00 $159,189.90 $0.00 $1,501,729.90

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: 2026-10-07T02:14:18.000Z

© 2026 Bay County Association of REALTORS