Pensacola FL Multi Family for Sale
$325,000
N Palafox St Pensacola, FL 32503
ADDITIONAL INFORMATION
Multifamily Investment Opportunity: Front Duplex + Single Family Home in rear. All situated on one lot, zoned HDMU (High-Density Mixed-Use). The duplex in the front provides two units with similar floor plans. The single-family home in the back offers additional privacy and space. All units consist of 2 bedrooms and 1 bath. Approx Acreage: 0.8841. Newer roofs Duplex in 2021 and single family in 2022.
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1954
- Baths:
- MLS#:
- 649166
- Subdivision:
- Fontanel Place
ADDITIONAL INFORMATION
Excellent Investment Opportunity to Own (2) separate Duplexes on 1 parcel FOR SALE as a package. Total Units 4, each unit is a 1 bedroom/1 bath approx. 520 sf with a large kitchen, bedroom and living areas, newer water heater, newer window units. UNITs 631 $1000, 633 $800 & 629 $800 are occupied (do not disturb). UNITs 635 is vacant (currently being renovated). Extra-large lot, mature trees, street parking. Centrally located close to Cordova Mall, Sacred Heart hospital & woodlands medical facility, shopping and airport. A MUST SEE!! Concession Available
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 7
- Year built:
- 1936
- Baths:
- 8.00
- MLS#:
- 648152
- Subdivision:
- New City Tract
ADDITIONAL INFORMATION
Don's miss this rare jewel. The possibilities are endless. Live in part of building as your primary residence, live in entire building, lease out part, lease out all, second home, investment, etc. These opportunities do not come along often and certainly not in East Hill on one of the most desirable streets, Lakeview Avenue. Over 6200 livable square footage, basement, 6 car garage for both renters and owners, directly across from the park, mixture of period architecture and modern conveniences. Apartment A, downstairs, was converted to a generous 1600-square foot apartment with upscale kitchen, 1 full bedroom and 2 bath. 2 living rooms allow for a guest room conversion. Apartment B, downstairs, has 2 bedrooms, 2 baths, sunroom, nice size laundry room. Very cozy, very well appointed. Apartment C, upstairs, is a 2 bedroom, 2 bath, living, dining, sunroom, mudroom. Apartment D, upstairs, has 2 bedrooms, 2 baths, sunroom and a tenant who has grown with the building for decades. Elevator on east side makes connection between Apartments A and C possible. Many renovations done in recent years have updated an historic find.
$734,000
E Lakeview Ave Pensacola, FL 32503
ADDITIONAL INFORMATION
Welcome to the epitome of opportunity in East Hill! Discover a rare gem in this vibrant neighborhood, featuring three distinct properties on a single expansive lot, offering unparalleled potential for savvy investors or those seeking multifamily living options. Situated in the desirable East Hill neighborhood, this property is surrounded by parks, shopping, and dining options, enhancing its appeal to potential tenants and short-term guests alike. Main House: The centerpiece of this property is a charming main house with two bedrooms and two baths, with the possibility to expand by converting the existing sunroom into a third bedroom. Duplex Units: Adjacent to the main house, you'll find a fully-furnished duplex, each unit boasting a generously sized bedroom and bathroom. These units have a proven track record as successful short-term Airbnb rentals, providing immediate and lucrative income potential. Investment Highlights - Turnkey Income: All three units are currently leased and ready to generate rental income from day one. Proven Success: These units have a history of high occupancy, and the duplex units have operated as successful short-term Airbnbs with positive reviews in the past. Expansion Potential: The main house offers the opportunity to increase its value by adding an extra bedroom. Multi-Property Package: Diversify your portfolio with three separate rental opportunities on one lot. High Demand Area: East Hill's vibrant community and amenities make it a sought-after location for both long-term tenants and short-term visitors. NEW roofs installed July 2024. Online estimates do not accurately reflect the duplex on the property. Don’t miss out on this exceptional opportunity to own a piece of East Hill's charm and maximize your investment potential!
Pensacola Real Estate
The median home value in Pensacola, FL is $240,000. This is lower than the county median home value of $246,900. The national median home value is $338,100. The average price of homes sold in Pensacola, FL is $240,000. Approximately 55.01% of Pensacola homes are owned, compared to 34.57% rented, while 10.42% are vacant. Pensacola real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Pensacola real estate agent to arrange a tour today!
Pensacola, Florida 32503 has a population of 53,845. Pensacola 32503 is more family-centric than the surrounding county with 26.32% of the households containing married families with children. The county average for households married with children is 22.79%.
The median household income in Pensacola, Florida 32503 is $59,119. The median household income for the surrounding county is $56,605 compared to the national median of $69,021. The median age of people living in Pensacola 32503 is 38.4 years.
Pensacola Weather
The average high temperature in July is 89.8 degrees, with an average low temperature in January of 41.7 degrees. The average rainfall is approximately 64.4 inches per year, with 0 inches of snow per year.