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$278,978
113 Days On Site

1000 MCKENZIE AVENUE
PANAMA CITY, FL 32401

For Sale|Single Family Residence|Active
4
Beds
2
Total Baths
2
Full Baths
2,860
SqFt
$98
/SqFt
1945
Built
County:
Bay
Call Now: 386-279-7522
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386-279-7522
1000 MCKENZIE AVENUE1000 MCKENZIE AVENUE1000 MCKENZIE AVENUE1000 MCKENZIE AVENUE
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Monthly Payment (Est.)

$1,273
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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! <HIGHEST & BEST BY 8/31/2025> 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! <ALL OFFERS MUST INCLUDE A PROPOSED RENTAL RATE FOR THE LEASEBACK WHICH WILL BE NEGOTIATED AS PART OF THE SALE><NO ASSIGNABLE CONTRACTS>

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Listing Snapshot
Price 
$278,978
Days On Site 
113 Days
Bedrooms 
4
Inside Area (SqFt) 
2,860 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.87 Acres
Year Built 
1945
MLS® Number 
TB8378144
Status 
Active
Property Tax 
$3,851.63
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
a month agoPrice changed to $278,978
4 months agoListing first seen on site
General Features
Acres 
0.87
Carport 
2
Direction Faces 
Southwest
Foundation 
Brick/Mortar
Number Of Stories 
1
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
SqFt Total 
2980
Stories 
One
Utilities 
Other
Water Source 
Public
Zoning 
MU 1
Interior Features
Appliances 
Other
Cooling 
Central Air
Flooring 
Wood
Heating 
CentralElectric
Interior 
Other
Laundry Features 
Laundry Room
Kitchen 
Level - First
Living Room 
Level - First
Master Bedroom 
Level - First
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Exterior Features
Construction Details 
Brick
Exterior 
Other
Roof 
Shingle
Community Features
Financing Terms Available 
CashConventional
MLS Area 
32401 - Panama City
Roads 
AsphaltConcrete
Township 
04S
Listing courtesy of RICHARD PETERS REALTY LLC 3053029806



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-08-17 03:59 AM EDT

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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