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Listings courtesy of RICHARD PETERS REALTY LLC as distributed by MLS GRID.

Active - House for sale

1000 MCKENZIE AVENUE, Panama City, FL

4 bds|2 bth|2,860 sqft

Facts & features

House Property type
498 days on Beycome
1945 Year built
$80 Price/Sqft.
37,767 sqft Lot size

Why you’ll love it

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 11/30/2025> 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>

Translating description...

Listed by: Ronald Ryder • rryder@richardpetersrealty.com • RICHARD PETERS REALTY LLC

Co-listed by: RICHARD PETERS REALTY LLC

Source: Stellar MLS as distributed by MLS GRID, MLS#: TB8378144 Stellar MLS as distributed by MLS GRID logo

Based on information as of Jun 01, 2026 at 02:21pm EDT.

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Affordability

$150,000$310,000
1%20%
0%90%
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Estimated monthly payment

$1,484/mo

  • Mortgage$1,163
  • Property tax$321
  • HOA fee
  • Homeowners insurance
Due at closing$182,849
Down payment held in escrow$46,000
Closing costs$3,450
beycome credit Est.$4,600

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

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Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

Based on information submitted to the MLS GRID as of Jun 01, 2026 at 02:21pm EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

$229,999 Listed price

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$4,600 Credit back

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