Excellent income property in Northeast Pensacola * This is a rare opportunity to secure a true multi-family property - and even more rare to find something in Harbour Square - which is just minutes to Cordova Mall, Pens Airport & Downtown! * Each unit is currently rented and two have had no rental increases in years allowing for drastic increases with the inventory shortage Pensacola has at the time of this listing * Total gross income was approximately $18,000 in 2016 & $19,000 in 2017 but you can easily produce higher annual income with increases in rent that are definitely warranted * One unit (in back) has been updated and the front right unit was updated recently but may need work again due to current tenant * Roof was replaced (by licensed contractor and with permit), after Ivan, and is in good condition per the Wind Mit report just completed and attached * Some mechanical updates have been made though we ask that you verify all features, condition, square footage, etc on your own ** This is an "as is" sale - if updated, the value could and should increase drastically! ***** Seller may consider owner financing with $60k down ***** One unit is currently renting for $650, one for $600 and one for $550 ~ One tenant is month-to-month, one lease is up in Feb and another in May ** Tenants pay all utilities.
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