Property Highlights: Now’s your chance to break into the real estate business with plenty of rental increase potential… - see the attached market rent study indicating market rents for the duplex units are $550 per month…Long terms tenants averaging over 3 and a half years occupy this low maintenance 7-unit multi-family property includes six 1 bedroom duplex units and one single family 3 bedroom home located in a high demand area of Pensacola on a quiet family-friendly street. Perfectly placed on a large lot with lovely landscaping, laden with large shade promoting oak trees all on approximately 1.5 acres. The home is 3 bedroom and 1.5 baths with approximately 1,117 square feet and a 1 car carport. The 6 duplex rental units are 1 bedroom and 1 bath with approximately 504 square feet. This is a fantastic entry level cash flow offering totaling approximately 4,141 total rentable square feet at only $375,000 with almost 1.5 acres of land. Years built for the buildings range from 1958-1961. The property is on public sewer. Duplex units are heated and cooled with low maintenance window wall units. Additional income is generated by the 6 on site storage units. A new 125 foot well pump and sprinkler system was recently installed 2016. The duplexes and the home had new roofs installed about 2005. The duplex units have vinyl windows. Additional income can come from the 6 storage units in the rear yard. public sewer -public water-composite shingle roof- block duplexes- brick home 1.49 acres Parcel Dimensions: 210’ on road x 305’ deep x 210’ rear x 305’ deep Six -1 br 1 ba units at 504 sf each One -3 br 1 and ½ ba home at 1117 sf Unit addresses are 5808, 5810, 5812, 5814, 5816, 5818, 5820
Listing courtesy of RE/MAX HORIZONS REALTY.
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