7308 Kingman ST Panama City Beach, FL 32408
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
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 796884
Bedrooms 8
Full Baths 4
Half Baths 4
HOA Y/N No
Year Built 1983
Annual Tax Amount $7,253
Tax Year 2025
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type Quadruplex
Property Description
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
Community Short Term Rental Allowed
Area 03 - Bay County - Beach
Interior
Interior Features Upper Level Primary
Heating Central
Cooling Central Air
Fireplace No
Exterior
Community Features Short Term Rental Allowed
Roof Type Composition,Shingle
Porch Balcony
Private Pool No
Building
New Construction No
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
Restrictions Short Term Rentals Allowed
Tax ID 27921-681-000
Special Listing Condition Listed As-Is