Property Opportunity in Pensacola, FL 🏡

Property Details:

• Bedrooms/Bathrooms: 3 Bed / 2 Bath
• Livable Area: 1,314 sqft (per tax records)
• Lot Size: 18,730 sqft
• Year Built: 1959 (Block Construction)
• Asking Price: $85,000
• EMD: $5,000
• COE: 9/16/24
• Zoning: HDMU

Property Features:

• Roof: Installed in 2005
• Electrical: Copper wiring
• Plumbing: PVC piping
• HVAC: No central heating and air, rooms equipped with window units
• Heating: Propane heater replaced in 2023 with all new lines
• Water Heater: Propane water heater, 7 years old
• Kitchen: Brand new kitchen appliances
• Additional Features: Original home built in 1959, with an add-on built in the 2000s that includes an additional bathroom and bedrooms

Comps:

1. 711 Loire Way

   • Sold for: $222k on 7/24
   • Condition: Remodeled
   • Size: 3 beds / 2 baths / 1,154 sqft
   • Year Built: 1958 (Block)

2. 2920 Rhythm St

   • Sold for: $183k on 7/24
   • Condition: Remodeled
   • Size: 3 beds / 1 bath / 1,104 sqft
   • Year Built: 1964 (Block)

Investment Potential:

This property offers a significant lot size and solid block construction, making it a great candidate for either a rental or a flip. The HDMU zoning adds flexibility for potential uses. With some updates, particularly in the HVAC system, this property could be brought up to its full market value.

Next Steps:

• Interested? Contact us to discuss further details or to schedule a viewing.

Disclaimer:

This company has a direct contract with the seller. Legal action will be taken against anyone who contacts the seller directly. The property is sold as-is, with the buyer responsible for all closing and escrow costs. Buyers must conduct their own due diligence. No guarantees are made regarding property condition, value, or benefits. This is an assignment of contract with exclusive rights to purchase. We are not brokers and do not represent the seller. Contacting the owner without our consent will result in legal action. Buyers should verify all permits and information with the city/county building department.