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$775,000

Est. payment - /mo

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8 Beds

8 Baths

4,464 SqFt

New

7308 Kingman ST Panama City Beach, FL 32408

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Marsha Babe

marsha@marshababe.com +1(850) 803-9498

UPDATED:

Key Details

Property Type Other Types

Sub Type Quadplex - All Unites

Listing Status Active

Purchase Type For Sale

Square Footage 4,464 sqft

Price per Sqft $173

Subdivision Thomas Drive Park U-5

MLS Listing ID 1014155

Style Fourplex

Bedrooms 8

Full Baths 4

Half Baths 4

HOA Y/N No

Year Built 1983

Annual Tax Amount $1,180

Tax Year 2025

Property Sub-Type Quadplex - All Unites

Source Emerald Coast Association of REALTORS®

Land Area 4464

Property Description

Forget rental projections! This FOURPLEX generated $70,000 in rental income LAST YEAR! We're talking about FOUR fully occupied units, long-term tenants who've been here for over 5 years, and a prime Panama City Beach location directly across from the Navy base and just minutes from the beach. And here's the BONUS... an additional approx. 0.274-acre parcel of land is INCLUDED in the price! Now THAT'S what I call an investment opportunity! Welcome to 7308 Kingman Street, an income-producing fourplex offering immediate rental income with room for future growth! The property consists of four separate townhome-style units, each featuring 2 bedrooms and 1.5 bathrooms. All four units are currently occupied, providing an established rental history without the need to start from scratch finding tenants. The property has a new roof installed in 2018, and one of the HVAC systems was replaced in 2025. New Drain Field $15k installed recently. With long-term tenants already in place and the potential to increase rents over time, this property offers an opportunity for investors looking to grow their rental income. But what really sets this investment apart is the additional approx. 0.274-acre parcel included in the sale! Whether you're considering future development, expansion, or simply holding the land as a separate asset, this extra parcel adds another layer of potential. A property survey is available for review. Location is another major advantage! Situated directly across from Naval Support Activity Panama City and just minutes from the beautiful beaches of Panama City Beach, shopping, grocery stores, restaurants, and everyday conveniences, this property is positioned in an area with multiple sources of rental demand. Four income-producing units, $70,000 in last year's rental income, established tenants, and an additional parcel of land, all in one purchase! Opportunities like this are worth a closer look. Contact us today for additional financial information, the survey, or to schedule a private showing.

Location

State FL

County Bay

Area 27 - Bay County

Direction Traveling south on Thomas Drive, right on Laird St, right on Kingman St, property is on the right.

Rooms

Primary Bedroom Level Upper

Master Bedroom true

Interior

Heating Central

Cooling Central Air

Appliance Microwave, Refrigerator

Exterior

Utilities Available Electric, Public Water

Roof Type Composite Shingle

Garage No

Building

Faces Traveling south on Thomas Drive, right on Laird St, right on Kingman St, property is on the right.

Sewer Septic Tank

Architectural Style Fourplex

New Construction No

Schools

Elementary Schools Breakfast Point

Middle Schools Breakfast Point

High Schools Arnold

Others

Pets Allowed No

Tax ID 27921-681-000

Listed by Andrei Cunitin Dalton Wade Inc

NEARBY SCHOOL & BUSINESS

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Marsha Babe

Agent License ID: 3045328

+1(850) 803-9498

7308 Kingman ST Panama City Beach, FL 32408

Marsha Babe

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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7308 Kingman ST