This Charming 6 Bedroom, 4 Bathroom complex is situated in the Historic District of the ever developing Downtown Pensacola. It has many more opportunities than immediately meet the eye! The main house is a 3 Bedroom 2 Bathroom home with nearly 1100 Square feet of living space that has been renovated head to toe. The hardwood floors have been stripped and refinished, the bathrooms have been completely gutted and refurbished, and the kitchen features Oak Cabinets and Granite counter tops! There are two additional units to include a 1 Bedroom 1 Bath apartment that rents at $700 per month, and a 2 bedroom/1 bath unit that rents for $800 per month. The owner occupies the main house, however it can be rented at current market value of between $1,500 and $1,800 per month. The potential gross rent for the property is$3,300 to $3,500 per month. The property is ideal for the investor, or the primary resident looking to produce a positive cash flow after paying the mortgage. The seller owns the adjacent 45'x100' lot that he would consider selling also. The property yields a Net ROI of 10% annually and will not last long!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
