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!
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!
Property Details
Price:
$339,987
MLS #:
TB8378144
Status:
Active
Beds:
4
Baths:
2
Address:
1000 MCKENZIE AVENUE
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
32401 – Panama City
City:
PANAMA CITY
Listed Date:
Apr 25, 2025
State:
FL
Finished Sq Ft:
2,980
Total Sq Ft:
2,980
ZIP:
32401
Lot Size:
37,767 sqft / 0.87 acres (approx)
Year Built:
1945
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
More About CENTURYMortgage Calculator
Schools
Interior
Appliances
Other
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Hardwood
Heating
Central, Electric
Laundry Features
Laundry Room
Exterior
Construction Materials
Brick
Exterior Features
Other
Roof
Shingle
Financial
Tax Year
2024
Taxes
$3,852
Map
Community
- Address1000 MCKENZIE AVENUE PANAMA CITY FL
- SubdivisionN/A
- CityPANAMA CITY
- CountyBay
- Zip Code32401
Similar Listings Nearby
- 3006 BROOKINS ROAD
PANAMA CITY, FL$310,000
2.82 miles away
- 810 FORESTDALE AVENUE
PANAMA CITY, FL$245,000
2.29 miles away
Courtesy of RICHARD PETERS REALTY LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Stellar MLS. All rights reserved. 1000 MCKENZIE AVENUE
PANAMA CITY, FL
LIGHTBOX-IMAGES
Recent Comments