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Property
Beds
8
Full Baths
4
1/2 Baths
4
Year Built
1983
Sq.Footage
4,464
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.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
4
-
1/2 Bathrooms
4
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Stucco
-
Other Exterior Features
Balcony
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.46
-
Lot Size(square feet)
20,038
-
Property Type
Residential
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$775,000
-
Tax Amount
$7,253
-
Zoning
Resid Multi-Family
-
Sq. Footage
4,464
-
Price/SqFt
$173
HOA
-
Association
No
School District
-
Elementary School
Breakfast Point
-
Middle School
Breakfast Point
-
High School
Arnold
Property Features
-
New Construction
NO
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Location
County
Bay
Elementary School
Breakfast Point
Middle School
Breakfast Point
High School
Arnold
Listing Courtesy of Andrei Cunitin, Dalton Wade Inc
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REALTOR®
Julie Meeks McClintock
Call Julie today to schedule a private showing.
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