Dual-Income Single-Family Home with Private In-Law Suite – Panama City, FL

Turnkey 4BR / 2BA home remodeled in 2022, offering two private units with separate entrances, fenced backyards, and high-demand rental potential. Perfect for investors, house hackers, or multi-generational families. Located near Tyndall AFB, Panama City Beach, and St. Andrews State Park.

Property Overview

Address: 448 S Macarthur Ave, Panama City, FL 32401
Price: $328,250

  • Structure: 4 Bedrooms / 2 Bathrooms, Single Family Converted Duplex

  • Unit A: 3BR / 1BA – 1,179 SF – Leased at $1,750/mo (Lease Ends Sept 2026)

  • Unit B: 1BR / 1BA – 350 SF – Vacant, ready for occupancy at $1,200+

Lot Size: 0.24 acres | Building Size: 1,529 SF
Year Built / Renovated: 1949 / Remodeled 2022

Ideal for owner-occupants, house hackers, buy-and-hold investors, or families needing a private in-law suite.

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Key Features & Upgrades

  • Secure & Modern: Schlage smart locks on both units (installed 2023)

  • Private Entrances & Yards: Separate concrete driveways, fenced backyards, alley access

  • Upgraded Systems: All-plex plumbing (2020), mini-split AC/heat in 1/1, 200 amp exterior electrical (2023)

  • Renovations & Improvements:
    - Unit A remodeled 2020
    - Unit B renovated 2022
    - New driveway & sidewalk (2022)
    - 4” blown-in attic insulation (2024)
    - New mailboxes (2 boxes)

  • Laundry: Hookups in each unit (stackable in 1/1)

Condition: Excellent, move-in ready

Investment & Lifestyle Highlights

  • Immediate Cash Flow: Unit A leased $1,750/mo; Unit B ready $1,200+

  • Value-Add Potential: Increase rents or utilize large yard space

  • Multi-Generational Appeal: Perfect in-law suite with separate entrance, private bathroom, and fenced yard

  • High-Demand Area: Rental property close to Tyndall AFB, Eastern Shipbuilding, and Panama City Beach

  • Owner-Occupant Flexibility: Live in one unit while renting the other

  • Creative Financing Option: Subject To available with $65,000 down

Location Advantages

  • Proximity:

    • Tyndall Air Force Base

    • St. Andrews State Park & Panama City Beach

    • Eastern Shipbuilding

    • Northwest Florida Beaches International Airport (ECP)

  • Neighborhood Highlights: Close to shopping, schools, and employment centers

  • Strategic Infrastructure: $3.2B government investment in Tyndall AFB boosting housing demand

Perfect For

  • Buy & Hold Investors: Turnkey rental income, low maintenance

  • House Hackers: Owner-occupancy with rental income

  • Owner-Occupants with In-Law Needs: Live comfortably while family or guests have private living space

Why This Property Stands Out

Unlike typical investment properties, this home was designed with modern Florida living in mind. Luxurious finishes, private entrances, and separate backyards provide:

Don’t Miss Out!

Act quickly! This fully remodeled duplex in Panama City is ready for immediate occupancy, rental income, or multi-generational living.

Fill out the form below to request more info, schedule a private showing, or submit your offer.

Properties like this, in prime locations near Tyndall AFB, rarely stay available long.

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