$299,999 for Sale

1000 mckenzie avenue , panama city, FL 32401

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Beds 4 Baths 2 2,860 Sqft 0.87 Acres 1 of 24
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Property Description
Turnkey Investor Dream! Massive 4-Bedroom, 2-Bathroom Group Home in Prime Panama City Location – Long-Term Leaseback, Instant Cash Flow, and Government-Paid Tenants! This is the ultimate headache-free investment opportunity! This beautifully maintained 4-bedroom, 2-bathroom brick home is already operating as a licensed group home for mentally disabled individuals—with government-backed tenants and a seller ready to lease the property back long-term. Whether you're looking for stable, immediate cash flow or a secure place to park your capital, this one checks every box. Sprawling nearly 3,000 square feet and sitting on an expansive lot in one of Panama City's most desirable neighborhoods, this home offers both scale and curb appeal. The charming brick exterior, lush greenery, long driveway, and oversized 2-car carport make for a picture-perfect entrance and plenty of practical parking and storage options. Step inside to find a warm, welcoming layout designed for comfort and convenience. The home features beautiful, modern wood flooring throughout, a spacious living room, and generously sized bedrooms—all creating a cozy yet functional atmosphere for the current residents. The property is in excellent shape, with major systems in top condition: a newer roof and A/C (both approximately 5 years old), plus fully functional plumbing and electrical. Currently home to 5 long-term tenants, all government-paid, this property generates immediate income with minimal hassle. The seller, who holds the required license to operate this facility, will remain as the tenant under a long-term leaseback—making this the ultimate plug-and-play rental investment. Whether you're a seasoned investor looking to expand your portfolio or just want a rock-solid asset in a growing area, this property offers unbeatable value. Between the secure tenant structure, the strong return, and the long-term appreciation potential in a high-demand neighborhood, this is truly a rare find. Don’t miss out—schedule your showing today and take advantage of this exceptional, income-producing opportunity!
General Information
Sale Price: $299,999
Price/SqFt: $105
Est. Payments: $1,926
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Status: Active
MLS#: TB8378144
City: panama city
Post Office: panama city
County: Bay
Subdivision: n/a
Acres: 0.87
Lot Dimensions: 135 x 280
Bedrooms:4
Bathrooms:2   (2 full, 0 half)
House Size: 2,860 sq.ft.
Acreage: 0.87 est.
Year Built: 1945
Property Type: Single Family Residence
Style:
Features & Room Sizes
Paved Road:  Asphalt, Concrete
Garage:  No
Construction:  Brick
Exterior Misc:  Other
Basement:  No
Foundation :  Brick/Mortar
Appliances:  Other
Cooling:  Central Air
Heating:  Central, Electric
Waste:  Public Sewer
Watersource:  Public
Tax, Fees & Legal
Est. Summer Taxes:  $0
Est. Winter Taxes:  $3,852
Legal Description:  4 4S 14W -217- 69A BEG 60' W OF SW COR OF LOT 4 SEGLER HTS TH W 284.5' NLY 135 E 280.5' TO PT S 135' TO POB ORB 1891 P 1500 ORB 2318 P 2362 ORB 2868 P 958


Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Ronald Ryder of RICHARD PETERS REALTY LLC, Phone: 352-448-9712
941-662-7630 Call Cary Saffran for more information about this property.

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This Home located at
1000 mckenzie avenue, panama city FL 32401
is currently for sale priced at $299,999 and was listed on April, 23, 2025 and has been on the market for 113 days and was last updated on June, 30, 2025.

1000 mckenzie avenue has 4 bedrooms, 2 bathrooms, and approximately 2,860 square feet. and has a lot size of 135 x 280 with 0.87 acres and was built in 1945. 1000 mckenzie avenue is in the 32401 ZIP Code area of panama city.

If you have any question about this property or any others, please don't hesitate to contact me.