1000 Mckenzie Avenue, PANAMA CITY, FL 32401
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  • MLS#: TB8378144 ( Residential )
  • Street Address: 1000 Mckenzie Avenue
  • Viewed: 3
  • Price: $278,978
  • Price sqft: $94
  • Waterfront: No
  • Year Built: 1945
  • Bldg sqft: 2980
  • Bedrooms: 4
  • Total Baths: 2
  • Full Baths: 2
  • Garage / Parking Spaces: 2
  • Days On Market: 89
  • Additional Information
  • Geolocation: 30.1663 / -85.6572
  • County: BAY
  • City: PANAMA CITY
  • Zipcode: 32401
  • Provided by: RICHARD PETERS REALTY LLC
  • Contact: Ronald Ryder
  • 352-448-9712
  • mfrmls
  • DMCA Notice
  • 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 individualswith 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 bedroomsall 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 leasebackmaking 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. Dont miss outschedule your showing today and take advantage of this exceptional, income producing opportunity!
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  •   Home Insurance $
  •   HOA Fees $
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Flooring: Wood
  • Living Area: 2860.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 2.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: Other
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Other
  • Country: US
  • Interior Features: Other
  • 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
  • Levels: One
  • Area Major: 32401 - Panama City
  • Occupant Type: Tenant
  • Parcel Number: 16677-000-000
  • Zoning Code: MU 1