3207 W Cervantes St, Pensacola, FL 32505

964 sqft home for an investor that’s willing to get his hands dirty! 2/1 Single Family. Property in Mulwort Pensacola. The property needs a complete interior rehab. There has been a fire which caused damage but non to the structure. Size: 964 sqft Lot Size: 12,632 sqft Suggested Starting Bid: $69,000 ($71.5/sqft) Est. Repairs: $45k. COMPS: Brand new rehabbed house on 720 shoemaker st, very close to subject property, sold for $150,000 on March 18th. ($219/sqft). House is brick. Besides being brick, the house on 720 shoemaker st is 200 sqft smaller and in the same neighborhood. The property on 3022 W Jackson St was sold on January 31st for $95,000 ($77/sqft), also in need of an entire interior rehab. A vacant lot of 11,325 sqft on 2518 W Gadsden St is for sale for $55,000. Most houses that sold and are selling that need extensive rehabbing sell for $80/sqft and up. This house is being sold for a market discount of at least $7/sqft. This house is not for everyone, as it needs a complete renovation. This particular zip code (32505) has experienced a 30% y growth in home values and an appreciation of 14.5% of the average purchase price and an almost 6% increase in $/sqft in the last 30 days.