Address: 1000 Mckenzie Avenue, PANAMA CITY, FL 32401
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!
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!
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
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.
Apply Now
