Homes for sale - 1000 MCKENZIE AVE, Panama City, FL 32401

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Keith Houtz

keithhoutz@outlook.com +1(727) 415-4982

$ 349,999

Est. payment | -/mo

4 Beds

2 Baths

2,860 SqFt

Save Virtual Tour

$ 349,999

Est. payment | -/mo

Save Virtual Tour

4 Beds

2 Baths

2,860 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,860 sqft

Price per Sqft $122

MLS Listing ID TB8378144

Bedrooms 4

Full Baths 2

HOA Y/N No

Originating Board Stellar MLS

Year Built 1945

Annual Tax Amount $3,851

Lot Size 0.870 Acres

Acres 0.87

Lot Dimensions 135x280

Property Sub-Type Single Family Residence

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!

Location

State FL

County Bay

Area 32401 - Panama City

Zoning MU 1

Interior

Interior Features Other

Heating Central, Electric

Cooling Central Air

Flooring Wood

Fireplace false

Appliance Other

Laundry Laundry Room

Exterior

Exterior Feature Other

Utilities Available Other

Roof Type Shingle

Garage false

Private Pool No

Building

Story 1

Entry Level One

Foundation Brick/Mortar

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8378144

Listed by RICHARD PETERS REALTY LLC

Since 2005, I have lived and helped clients in the Tampa Bay area, covering Pasco, Pinellas, Hernando, and Hillsborough Counties. I know and stay tuned into the developing and growing areas of Tampa Bay. Experience, Integrity, and Professionalism.
Review any of my testimonials from past clients.
I work for you and to your best interest.
Contact me directly today.
Live Your Best Life!

+1(727) 415-4982

keithhoutz@outlook.com

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1000 MCKENZIE AVE Panama City, FL 32401