8820 Fowler Ave #A-d, Pensacola, FL 32534

Are you an aspiring Investor? Consider using the NEW FHA/VA house hacking loan program to live in one unit and rent the other three units. FHA/VA only requires a minimum of 3.5% down if one unit is owner occupied for a minimum of one year. Use this opportunity to build your rental portfolio and create wealth at the same time. This 4-plex is an ideal income producing property for local investors and or absentee investors. These units are all mirror images of each other with 2 bedrooms 1 bath. Units are all electric and on septic. Current rents are as follows: Unit A $800, Unit B $750, Unit C $825, Unit D $725 for a total gross monthly rent of $3,100 and annual gross income $37,200. Most units in the complex are renting for $1,000 per unit for a potential gross income of $4,000 a month and $48,000 annually. Note Fowler Place HOA is $1,600 annually and covers community lighting, garbage, and lawn maintenance. Please note 8820 Fowler Ave is located on the edge of FEMA's Flood Zone AE with the flood line going right through the asphalt parking area. This property will require flood insurance if you're a finance buyer.