Attention Investors! This turnkey, income-generating property is ready to enhance your portfolio! With leases in place and strong cash flow, the numbers speak for themselves. This four-unit building features spacious 2-bedroom, 2-bathroom units, ensuring high rental demand. One unit has already been thoughtfully remodeled, achieving the highest rent—setting the benchmark for future updates to maximize returns. Conveniently located near restaurants, schools, shopping, and quick access to the interstate leading to the beach, this property is perfectly positioned for tenants. Each unit has central heat and air, a private patio, washer and dryer hookups, outside storage, and kitchen appliances included. New roof installed in 2019, and the septic system replaced in 2023. Tenants pay all utilities and there is no HOA. Verification of funds or prequalification letter is required before showing is scheduled. Days will vary when showings can be scheduled due to full occupancy.
Investment Opportunity in East Hill! Located on the corner of E Hayes St and N 16th Ave in the desirable East Hill neighborhood, these two (fully renovated down to the stud) duplexes offer incredible rental potential. Effective year built is 2024. Both duplexes contain 2 units: each unit contains 2 bedrooms, 1 bathroom, a kitchen, a living room, laundry, and a separate driveway. 1 of the 4 units (unit closest to Hayes St) is staged and ready to tour. Both parcels combine to be 0.378 acres on a corner lot. The sellers put up a new privacy fence as well. With a potential rental income of $1,750 per month per unit, this property has the potential to generate approximately $84,000 in gross annual rental income. With the 2 duplexes 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 5k per year in total. 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.
Under Construction. Photos are for reference only and do not depict the actual home. Brand-new duplex in a fantastic location! Each side of this stylish two-story home offers 3 bedrooms and 3 bathrooms, providing spacious and modern living. A prime investment opportunity—perfect for a first-time buyer to live in one unit while renting out the other or as a full rental for strong income potential. Located within city limits and just minutes from downtown, this property combines convenience, quality construction, and excellent long-term value. Don’t miss out on this rare find!
*To Be Built* Investing in a property that is yet to be built can be a great addition to your existing portfolio or a perfect opportunity for first-time home buyers. With low maintenance expenses and a 10-year structural builders' warranty, you can rest assure that your investment will be protected for years to come. Granite countertops in kitchen and bathrooms. Hard Surface flooring throughout the units. Please note that colors and options may vary, however, the photos displayed are of a similar duplex that has already been built. Don't miss this opportunity to secure a valuable asset and enjoy a hassle-free ownership experience.
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.
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
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.
Annual income of $49,800 OF RENTAL INCOME each year with these two Duplexes that are on one property with a high potential to bring that to $52,800 a year. All brick. 2/1 (per unit) with potential for an increase in rental income with a little cosmetic work. Unit in pictures is currently vacant. All units look similar. This place is centrally located in the heart of Pensacola close to the mall, airport, Publix and the hospitals. This area is in north East Hill which is a high demand area to live in. This would be a great investment property for anyone. You can even take advantage of Fannie Mae's new program where they only require 5% down if you live in one of the units. There is a Carport and Laundry room for each apartment. ROOF was replaced in November of 2014. There is a new electrical panel for each unit that was replaced in 2020. Age of Water heaters for units are as follows. Water Heater 2022+/- Apt B 2009 Apt A 2018 Apt C, D
The median home value in Pensacola, FL is $326,500. This is higher 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 $326,500. 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.
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.