Bought with Jess Townley • Engel & Volkers Pensacola
$486,500
$489,500
0.6%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
3,000 SqFt
SOLD DATE : 09/02/2024
Key Details
Sold Price $486,500
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $162
Subdivision Ferry Pass Heights
MLS Listing ID 634914
Sold Date 09/02/24
Bedrooms 4
Full Baths 4
HOA Y/N No
Originating Board Pensacola MLS
Year Built 2016
Lot Dimensions 50x170
Property Sub-Type Quadruplex
Property Description
4 NEWER UNITS built in 2016 and in excellent condition! *** Plus, there are 2 other duplexes (4 more units for a total of 8 units - *** RENT POTENTIAL $52,800 of annual income for these 4 units (and the potential to raise the rent higher perhaps) and a total of around $100k annual for all 8 units * This offering is two (2) duplexes on the same parcel for a total of 4 units, being sold together * One unit has just been updated with new flooring, fixtures, paint, appliances, and more! 2 other units are in exceptional condition, with one unit requiring some updates (paint and flooring - very inexpensive to update), but all are rented so you can just leave it like it is and collect a nice paycheck monthly, or update one unit, and get even more rent! **NOTE** the last unit mentioned is month-to-month and the tenant can easily be removed allowing for an owner-occupant to purchase and only 3% or if VA, ZERO down! **** Situated in perhaps the BEST location in Pensacola for investment property, RIGHT next to UWF, West Florida Hospital, 10 mins to Downtown Pensacola and more! ** Again, these 2 duplexes were built in 2016, so all major components are newer and there should be no major repairs for quite awhile! ***** The seller may offer owner financing with $150k down and a 3 yr balloon - amortized over 25 years at 8%. ****** Please verify all features, dimensions, measurements, etc that may be important to you - unsure of the exact square footage ******* Seller is also the Broker of record for the listing and a licensed Real Estate Broker in FL and AL. ********** VIDEOS are posted and available to view for each unit
Location
State FL
County Escambia
Zoning Commercial
Rooms
Kitchen Pantry
Interior
Interior Features Ceiling Fan(s), Vaulted Ceiling(s)
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Tile
Appliance Electric Water Heater, Refrigerator
Exterior
Parking Features Driveway
Pool None
Waterfront Description None
View Y/N No
Roof Type Shingle
Garage No
Building
Lot Description Interior Lot
Faces Driving NORTH on N Davis Hwy, just before 9 Mile Rd, turn LEFT (West) onto Copter Rd at the RaceWay. Take the next RIGHT on Latham. Duplexes will be on your Right, at the corner of Kelso Rd and Latham St. (They are back to back on the same parcel and the address may show 2601 Units A & B - which are actually units C & D). They are all on the same parcel of land and thus being sold as a Quad. They could be sold separately however.
Story 1
Water Public
Structure Type Frame
New Construction No
Others
Tax ID 041S300101001017
Special Listing Condition As Is
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1 Chase Corporate Drive Suite 400, Birmingham, AL, 35244, United States