Investment Opportunity: Small Home in Pensacola, FL

Property Details:

• Beds/Baths: 2 Bed / 1 Bath / Carport
• Livable Area: 690 sqft (per tax records)
• Lot Size: 7,840 sqft
• Year Built: 1948 (Block Construction)
• Asking Price: $74,000
• ARV: $155,000
• EMD: $5,000
• COE: 10/4/24

Link to Photos:

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Key Features:

• Roof: Only 4 years old, and permitted
• HVAC: No HVAC system present, allowing for potential upgrades
• Compact Size: 690 sqft, ideal for a quick and affordable rehab
• Large Lot: 7,840 sqft lot offers room for improvements or outdoor enhancements

Investment Highlights:

This 2-bed, 1-bath home in Pensacola offers a great entry-level investment opportunity. Priced at $74,000, this compact property sits on a spacious lot and has the potential for updates to increase its value significantly. The roof is only 4 years old, which reduces initial repair costs, although adding HVAC will be a needed improvement.

With an ARV of $155,000, this property offers solid upside, especially after cosmetic and mechanical upgrades. Recent comparable sales in the area show similar properties selling in the $150k-$170k range after remodeling:

Comps:

1. 2206 W Godfrey St

   • Sold for $167,000 in May 2024 (Remodeled, Block)
   • 3 beds / 1 bath / 871 sqft / Built in 1951

2. 1220 N Kirk St

   • Sold for $165,000 in September 2024 (Remodeled, Block)
   • 2 beds / 1 bath / 868 sqft / Built in 1942

3. 2701 W Brainerd St

   • Sold for $150,000 in August 2024 (Fairly Updated, Wood Frame)
   • 2 beds / 1 bath / 768 sqft / Built in 1960

This home is a great value-add investment with room for growth in Pensacola’s appreciating market.

For more details or to schedule a viewing, please contact:

📞 Phone: 813-544-4909

Disclaimer:

All information provided is deemed reliable but is not guaranteed and should be independently verified. The asking price and property details are estimates based on available data and are subject to change. Buyers should conduct their own due diligence, including verifying property details, zoning, and potential for rental income or development. The seller and their representatives make no warranties or guarantees regarding the accuracy of the information or the property's condition.