TWO duplexes with value-add opportunity! 821 Calhoun Ave A/B & 831 Calhoun Ave A/B. Gross monthly income is $2,250/mo. Tenants pay all utilities. 2019 Taxes for both of the buildings was $2,232. Current rents range from $550-600. Rental comps for similarly updated 2/1 units in the neighborhood are as high as $700. All of the units are on "verbal" month-to-month leases with the current owner. All units are on central HVAC and all have septic systems, however, the county is in the process of running sewer through the neighborhood as part of the Warrington Redevelopment plan. The properties are within the Warrington Redevelopment District where there are grants available for eligible improvements (rewires, roofs, etc.). Seller will NOT sell individually. All offers MUST include a pre-approval letter or proof of funds. No showings without an accepted offer and EMD. Contact agent for link to additional pictures, financials, etc. See the MyEscambia Residential Rehab Grant Program website for details on the eligibility requirements and improvements: https://myescambia.com/our-services/neighborhood-human-services/community-redevelopment-agencies/programs-and-services/residential-programs/residential-rehab-grant-program
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.
