$665,000
For Sale

508 W Gregory

Pensacola, FL 32502
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Cash flowing opportunity with A+ paying tenants. Turn-key downtown 3-unit property perfect for investors as two of the three units have been used as short-term rentals, while the third was owner-occupied, but has a wait list for its leasing consideration. Two rental units come furnished, they are the downstairs unit in main house at 1055 sq, ft. and the 900 sq ft cottage out back. The upstairs unit was owner occupied, 1055 sq, ft and is offered unfurnished. The upstairs unit has two decks, one at the entry door and the other on the opposite side allowing great views in every direction. Seller has completely remodeled (down to the studs!) the property in the last two years. It is only a few blocks to the center of downtown and Palafox St. A unique must-see, brimming with opportunity! Driveway on east side will convey with property.

  • Property Details
      • Exterior MaterialsBalcony, Barbecue, Fire Pit
      • Elementary SchoolGlobal Learning Academy
      • Lot DescriptionCentral Access
      • SubdivisionBelmont Tract
      • Property TypeMulti-Family
      • High SchoolPensacola
      • CountyEscambia
      • Original List Price$699,000
      • Middle SchoolWORKMAN
      • MLS #654417
      • Cost665000
      • MLS #654417
      • Property SubtypeOther
      • Square Feet2110
      • Year Built1900
      • PetsYes

Location

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10.0%

Interest Rate

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6.0%

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2.6%
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