$3,800 Closing Credit¹
#973416, Karen K Smith, Listing Office: Beachy Beach Real Estate
$349,999 List price
1000 Mckenzie Ave Panama City, FL 32401
$4,156
Closing credit¹
4 beds
2 full
2,860 sqft
0.9 acres
$122 / sqft
House
Property details
About 1000 Mckenzie Ave
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! <ALL OFFERS MUST INCLUDE A PROPOSED RENTAL RATE FOR THE LEASEBACK WHICH WILL BE NEGOTIATED AS PART OF THE SALE><NO ASSIGNABLE CONTRACTS>
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size2,860 sqft
Lot size0.87 Acres
Year built1945
MLS #TB8378144
Virtual tour
Summary
- Full Bathrooms: 2
- Appliances: Other
- Flooring Type: Wood
- Interior: Other
- Total Bedroom Count: 4
- Private Pool: No
- Exterior: Other
- Heating: Central, Electric
- Cooling: Central Air
- List Price: $349,999
- Price/SqFt: $122
- Annual Tax Amount: $3,397
- Tax Year: 2023
- Directions: Turn left onto State Road 77 South. Continue on State Road 77 South for about 10 miles. Turn right onto McKenzie Ave. Continue on McKenzie Ave for approximately 1 mile. 1000 McKenzie Ave will be on your right.?
- Year Built: 1945
- Stories: 1
- Living Area: 2,860 SqFt
- Lot Size: 0.87 Acres
- MLS Number: TB8378144
- MLS Name: MFRMLS
- Office Name: RICHARD PETERS REALTY LLC
- Listing Agent: Ronald Ryder
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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Last updated on: 5/2/2025, 12:19:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$349,999
1000 Mckenzie Ave
$4,156
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 06, 2003 | Home Sold | $175,000 |
| Aug 16, 1999 | Home Sold | $95,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $191,295 | $3,397 |
| 2022 | $167,610 | $2,938 |
| 2021 | $160,822 | $2,938 |
| 2020 | $149,591 | $2,736 |
| 2018 | $182,023 | $2,756 |
| 2017 | $180,858 | $2,710 |
History based on county public records data.
Nearby schools
4
Palm Bay Elementary School
Public Charter KG-5
1.1 mi
•1104 Balboa Ave
4
Merriam Cherry Street Elementary School
Public District PK-5
1.5 mi
•1125 Cherry St
3
Northside Elementary School
Public District PK-5
1.8 mi
•2001 Northside Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $17,889. Typical income of Panama City, FL residents is less than $<35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
74%
<35k
25%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
56%
Single, No Kids
18%
Single, with Kids
16%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
7%
12-17 yrs old
18%
18-34 yrs old
48%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
Big Lots
Family Dollar
Burlington
Where do the neighbors go to eat?
Golden Corral
White Castle
Church's Chicken
What do the neighbors drive?
Kia
Chevrolet
Buick
What do the neighbors listen to?
Adult Standards
Rock
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1000 Mckenzie Ave
The listing price of 1000 Mckenzie Ave property is $349,999.
The property 1000 Mckenzie Ave is a house located in Panama City, Florida, 32401.
Active Listing: 1000 Mckenzie Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1000 Mckenzie Ave are: Palm Bay Elementary School (GreatSchools Rating 4/10), Merriam Cherry Street Elementary School (GreatSchools Rating 4/10), Northside Elementary School (GreatSchools Rating 3/10), Jinks Middle School (GreatSchools Rating 2/10), University Academy Sabl Inc (GreatSchools Rating 10/10), Bay Haven Charter Middle School (GreatSchools Rating 6/10), Bay High School (GreatSchools Rating 5/10), Rosenwald High School (GreatSchools Rating 1/10), Palm Bay Preparatory Academy 6-12 (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $3,397 (source: MLS/based on county public records data).
The last sale was on August 6, 2003 for $175,000 (source: MLS/tax record).
The property at 1000 Mckenzie Ave has 4 bedrooms and 2 bathrooms.
The property 1000 Mckenzie Ave is 2,860 SqFt (source: MLS/tax record).
The year of construction for 1000 Mckenzie Ave is 1945.
This home is located at 1000 Mckenzie Ave in Panama City, FL and zip code 32401. This 2,860 square foot home, which was built in 1945, sits on a 0.87 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 25, 2025 and is currently priced at $349,999.
Panama City, FL housing market in April 2025 saw over 20 listings sold above listed price, more than 60 sold at listed price and over 127 sold below. The number of listings in Panama City, FL increased by 2.2% between March and April 2025. While the average time on the market in April 2025 was 83 days, the median list price was $334,464.
From Rocket Homes Real Estate and based on county public records data.