7308 Kingman Street
Panama City Beach, FL 32408
$775,000
NEW LISTING Active
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!
Listing details MLS# 1014155
Location, Tax and Legal
- Area
- 27 - Bay County
- Sub area
- 2719 - Beach - East
- Subdivision
- Thomas Drive Park U-5
- County
- Bay
- Parcel ID
- 27921-681-000
- Tax year
- 2025
- Annual tax
- 1180.51
- Legal description
- THOMAS DRIVE PARK UNIT 5LOT 27 BLK DLESS PCLS (27.1) MAP 57D
General Property Info
- Property type
- Residential
- Year built
- 1983
- New construction
- No
- Condition
- Construction Complete
Interior
- Bedrooms
- 8
- Bathrooms
- 8
- Full baths
- 4
- Half baths
- 4
- Building area
- 4464
- Heating
- Central
- Cooling
- Central Air
- Appliances
- Microwave, Refrigerator
- Total rooms
- 10
Exterior and Site
- Construction
- Stucco
- Roof
- Roof Composite Shngl
- Pool
- No
Utilities
- Utilities
- Electric, Public Water
- Sewer
- Septic Tank
Schools
- Elementary
- Breakfast Point
- Middle school
- Breakfast Point
- High school
- Arnold
Remarks and Misc
- Directions
- Traveling south on Thomas Drive, right on Laird St, right on Kingman St, property is on the right.
