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Off market
  • $253,300

    7301 Velma Dr #A/b, Pensacola, FL 32526

    1beds
    1,582sqft
    MultiFamily
    Built in 1988
    -- sqft lot
    $253,300 Zestimate®
    $160/sqft
    $1,221 Estimated rent

    Home value

    $253,300

    $215,000 - $299,000

    $1,221/mo

    Zestimate® history
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    $1,221/mo

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    $1,221/mo

    Rent Zestimate®

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    $1,666/mo

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    $1,666/mo

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    What's special

    This is HDMU large parcel with these two duplexes, two mobile homes that rent for $500 each that are included in the potential gross income. And, also a homesteaded mobile home that could rent for aporox $1,000 per month, when owner vacates, bringing the potential income to $57,600 for all existing buildings. There is a barn/workshop on site, as horses are allowed. There are six septic tanks on site, and seven rental units. The large mobile home can be moved to the area where the two other mobile homes are situated, as there is a third septic tank there. By moving the homesteaded mobile home, you free up approx 3.81 acres for potential development, around beautiful mature oak trees. There is a dirt drive to the east side of the property, going in front of the two duplexes to the three mobile home sites to the rear left. Another drive can be installed down the middle of the property to the right and in front of the homesteaded mobile home for approx 4 duplexes on each side, after the homestead is moved over to the other trailer site. There is room for two more duplexes next to the two existing ones, all trailers and duplexes use the same dirt driveway. One duplex was built in 1984, and another in 1988. They were both gutted in 2014 after a sewer line overflow from the end of Velma Dr. The interior of these properties is very appealing, 2/1, tile flooring, upgraded kitchen and bath, nice covered porch across the back with laundry room at the rear of the back porch. Chain link fence at one duplex belongs to the deaf tenant for her service dog. EZ to keep rented. Quiet street. A lift station may be able to be installed from Velma to Patricia Drive and connect to the sewer there. Front elevation 47', at Patricia elevation 52. 'More mobile home sites can be installed here than duplex sites. All mobile homes and duplexes on homesteaded property is included in the sale. B unit is handicap accessible. All leases month to month, courtesy 30 day notice to vacate. 100% full.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Refrigerator
    • Laundry: Inside, W/D Hookups
    Features
    • Ceiling Fan(s), Kitchen Island, Laminate Counters, Storage, BASEBOARDS
    • Flooring: Tile
    • Doors: Insulated Doors
    • Windows: Double Pane Windows, ALL BLINDS
    Interior area
    • Total interior livable area: 1,582 sqft

    Property

    Accessibility
    • Accessibility features: HANDICAP PROVISIONS
    Features
    • Patio & porch: Porch
    • Exterior features: Vinyl
    Lot
    • Features: Interior Lot

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1988

    Utilities & green energy

    • Electric: Circuit Breakers, COPPER WIRING
    • Sewer: Septic Tank
    • Water: Public
    Green energy
    • Energy efficient items: CEILING FANS, INSULATED CEILINGS, INSULATED WALLS, RIDGE VENT

    Community & HOA

    HOA
    • Services included: Trash, Water/Sewer
    Location
    • Region: Pensacola

    Financial & listing details

    • Price per square foot: $160/sqft
    • Lease term: Month To Month
    • Tenant pays: Pest Control, OTHER UTILITIES

    Price history

    DateEventPrice
    8/6/2020Listing removed$680,000$430/sqft
    Source: ERA LEGACY REALTY SPENCER #569243 Report a problem
    3/11/2020Listed for sale$680,000$430/sqft
    Source: ERA LEGACY REALTY SPENCER #569243 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 32526

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: SHERWOOD
    • Middle: BELLVIEW
    • High: ESCAMBIA

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $253,300
    2% more
    +$5,066
    With Zillow Showcase(estimated)
    $258,366