Pensacola, FL 32503
2 bed, 2 bath, 640 sq. ft.
Built in 1945 on 0.132 acre lot
Add This to Your Portfolio!
This fully occupied duplex just outside of East Hill consists of two 1 bed, 1 bath units. It is currently CASH FLOWING $500/mo and there is still room for rent increases and utility bill backs!!! Rents are $550 and $500/mo for two long term tenants who wish to remain in the property if desired. Landlord currently pays water (city) and electric, so this is something a savvy investor should bill back upon lease renewal in order to really make this thing sing!
The exterior is in pretty good shape with nothing needed immediately. The roof is in good shape with no known defects. The interior is perfectly livable, but the floors are a little uneven. No repairs are needed at the moment; this one is ready to rock and roll.
This property is right on 9th avenue and is zoned multifamily. Nearly all of the other property along 9th Ave is zoned commercial, so this would be a perfect opportunity to cash flow now, rezone down the line, then build a brand new commercial office space as the area continues to gentrify in the future.
East Hill is full and the urban sprawl is moving West, folks. Get this cash flow cow with awesome future potential now before it’s gone!
Hit the links below for more photos and info!
Buy it NOW! Price: $51,000
ALL REASONABLE OFFERS WILL BE CONSIDERED
*BUY IT NOW option will award the property to the first person who submits the assignment agreement and $5,000 EMD. The open house will then be canceled and other attendees notified the property is no longer available.
Cash or Hard Money Only – Close by 18 Nov
Agents- Add your Fee on Top
OCCUPIED – DO NOT DISTURB
Contact Adrian at 850-203-5703 for more info (text is best)