For Sale For Rent
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bedrooms
bedrooms
4
bathrooms
bathrooms
2
square feet
square feet
2,860
acreage
Acreage
0.87
open houses
Open Houses
-
year built
year built
1945
full baths
Full Baths
2
half baths
Half Baths
0
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>
Location
Subdivision N/A
County Bay
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: TB8378144
Listing agent: Ronald Ryder #3593068
Listing broker: Richard Peters Realty Llc (352) 448-9712
Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Friday, April 25 2025 at 9:26 p.m. EDT
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