1908 Laurel AVE, Panama City, FL 32405
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Aaron Thompson

Aaron Thompson

+1(423) 413-8387
$ 499,000
Est. payment /mo
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Price Dropped by $50K

1908 Laurel AVE Panama City, FL 32405

7 Beds

4 Baths

3,006 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,006 sqft

Price per Sqft $166

Subdivision Drummond & Ware Add

MLS Listing ID 786074

Bedrooms 7

Full Baths 4

HOA Y/N No

Year Built 1996

Annual Tax Amount $4,124

Tax Year 2025

Property Sub-Type Quadruplex

Property Description

Quadplex First Floor, 3 Bedroom 2 Bath with Kitchen & Living Room. Second Floor, with private entrance. 2 Each, 2 Bedroom 1 Bath units with Kitchen & Living Room. Best use owners occupy First Floor, Rent/Lease out Second Floor units, per month. All units separately metered both Power and PC Water/Septic. Great way to offset Mortgage. Rent out second floor Pro forma at $1600.00 each per month. Tenants pay their own power and PC utilities.
Currently used as a strong investment,
Multifamily First floor, with private bedrooms, shared amenities kitchen and 2 baths. Second floor, 2 units with private bedrooms 1 bath, shared amenities kitchen and bath. Rent varies from $175.00 to $225.00 per week per bedroom. January 2026 gross income $6225.00, with 22% vacancy. Current annual Expenses, Taxes $4124.00, Insurance $4000.00, PC utilities $16,000.00.
Dimensions and Measurements not verified, Buyer to measure to own satisfaction. All measurements are approximate. All information in this listing is believed to be accurate but must be verified by Buyer or Buyer's agent.

Location

State FL

County Bay

Community Short Term Rental Allowed

Area 02 - Bay County - Central

Interior

Heating Central, Electric

Cooling Central Air

Fireplace No

Appliance Electric Range, Electric Water Heater

Exterior

Parking Features Parking Lot

Pool Other, See Remarks

Community Features Short Term Rental Allowed

Utilities Available Cable Connected, Electricity Available

Roof Type Composition,Shingle

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Level or Stories Two

New Construction No

Schools

Elementary Schools Lucille Moore

Middle Schools Jinks

High Schools Bay

Others

Restrictions Short Term Rentals Allowed

Tax ID 28041-000-000

Special Listing Condition Listed As-Is

Listed by JONES REAL ESTATE AND RENTALS LLC

NEARBY SCHOOLS & PROPERTIES

Aaron Thompson

Aaron Thompson

Advisor | License ID: SL3519273

+1(423) 413-8387

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1908 Laurel AVE