UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,860 sqft
Price per Sqft $87
MLS Listing ID TB8378144
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1945
Annual Tax Amount $3,851
Lot Size 0.870 Acres
Acres 0.87
Lot Dimensions 135x280
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
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!
Location
State FL
County Bay
Area 32401 - Panama City
Zoning MU 1
Interior
Interior Features Other
Heating Central, Electric
Cooling Central Air
Flooring Wood
Fireplace false
Appliance Other
Laundry Laundry Room
Exterior
Exterior Feature Other
Utilities Available Other
Roof Type Shingle
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Brick/Mortar
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8378144
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