729-732 LOWNDE AVE PENSACOLA, FL 32507
8 Beds/4 Baths
2,903 sqft
0.24 acres lot
1965 build

Asking Price: $740,000

FOURPLEX near military base with Creative financing assumable VA loan @3.125%

STR potential proven at $144,000+
Current mortgage is $188K+- @ 3.125% VA assumable

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Scenario 1 – VA loan assumption
$188K+- assumption @ 3.125% ($890/mo.)

$230K down

$312K balance @9.25% (Effective rate 7.385%) ($2,567/Mo)
30 Yr. Amort/5 Yr ballon (7Yr Balloon – add 1%)

5-1 PPP

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Scenario 2- Scenario 2 – Payoff VA loan
$188K Payoff
$175k down
$362K @ 9.25% ($3043/Mo)
30 Yr Amort./5 Yr Balloon (7 Yr Balloon – add 1%)
5-1 PPP

Property is zoned HDMU (25 units/acre)

Located 3 blocks from Bayou Grande – a largebody of 

water leading directly to Gulf of Mexico

Flood zone... X

NO FLOOD INSURANCE IS REQUIRED.

CALL OR TEXT US @ (623) 498- 2126  

*THIS IS A CONTRACT FOR ASSIGNMENT*

READY TO GET IT NOW? USE THE "WIN IT NOW" BUTTON TO SUBMIT YOUR OFFER & POF. 

No bidding wars! It will be 1st come 1st serve at the wholesale price.

Important Purchase Terms: All information provided has been gathered from public sources including property card and property tax records. We make no representations of any kind. The buyer is responsible for conducting their own due diligence before submitting an offer. Non-refundable earnest money deposit (5-10K) and signed purchase agreement are required in order for an offer to be considered valid. This is an as is sale with no contingencies or inspections of any kind, unless otherwise stated. Close as soon as title is ready (approx 7 days). It is our company policy that the buyer pays for all closing costs including title insurance fee.