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Listed by Cole Jenkins • Kuhn Realty
$ 399,000
Est. payment /mo
New
3061 N 16th Ave Pensacola, FL 32503
2 Beds
1 Bath
1,081 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,081 sqft
Price per Sqft $369
MLS Listing ID 662950
Bedrooms 2
Full Baths 1
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1955
Property Sub-Type Duplex
Property Description
Investment Opportunity in East Hill! Located in the desirable East Hill neighborhood, this (fully renovated down to the stud) duplex offers incredible rental potential. The duplex contains 2 units: each unit contains 2 bedrooms, 1 bathroom, a kitchen, a living room, laundry, and a separate driveway. The sellers put up a new privacy fence as well. With a potential rental income of $1,500 per month per unit, this property has the potential to generate approximately $36,000 in gross annual rental income. With the duplex essentially being brand new, you can enjoy the peace of mind that comes with low maintenance and no immediate repair or update costs. Insurance quotes came in around $2700 per year. This is a rare opportunity to own a modern, well-located multi-unit property in East Hill – perfect for investors looking for a high-quality addition to their portfolio. Property comes unfurnished but was staged for photos.
Location
State FL
County Escambia
Interior
Heating Central
Exterior
View Y/N No
Roof Type Shingle
Building
Lot Description Central Access
Faces North on 17th Ave, Left on E Hayes St, Left on 16th Ave, duplex is on the left.
New Construction No
Others
Tax ID 000S009025009375