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Listed by Cole Jenkins • Kuhn Realty
$ 899,000
Est. payment | /mo
2,185 SqFt
$ 899,000
Est. payment | /mo
2,185 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,185 sqft
Price per Sqft $411
MLS Listing ID 659263
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1955
Property Sub-Type Quadruplex
Property Description
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.
Location
State FL
County Escambia
Interior
Heating Central
Exterior
View Y/N No
Roof Type Shingle
Building
Lot Description Corner Lot
Faces North on 17th Ave, Left on E Hayes St, Left on 16th Ave, 4plex is on the left.
New Construction No
Others
Tax ID TBD (see Agent Notes)
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