3061 N 16th Ave
Pensacola, FL 32503
1081 sqft | 2 beds | 1 bath | #662950
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.
Property Details
- Lot DescriptionCentral Access
- Property TypeMulti-Family
- High SchoolWashington
- Elementary SchoolOj Semmes
- CountyEscambia
- Original List Price$399,000
- Middle SchoolWORKMAN
- MLS #662950
- Cost399000
- Property SubtypeDuplex
- MLS #662950
- Square Feet1081
- Year Built1955
- Bedrooms2
- Bathrooms1
- Full Baths1
Location
Legal
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Last Updated: . Source: PAR (FL)
Listing Courtesy
Listing Agent: Cole Jenkins (#17254)
Listing Office: Kuhn Realty (#KUHN01)
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