Additional Details

• Important Details: --> Duplex 2/1 & 1/1 --> Rented for a total of $2000/mo (2/1-$1150/MO & 1/1-$850/MO) --> Both units are currently rented well under market value but have a 60 day clause for rent increases in which case tenants can agree to the rent increase or have 60 days to vacate.
• Features: RARE, PRIME LOCATION for a Duplex in Pensacola!! This 3 bedroom, 2 bathroom features 1,829 of living sqft, and sits on a large corner lot. The main unit is two bedroom/one bath and approximately 1000 sqft, the second unit is a 1/1 and approximately 829 sqft. Each unit has its own electric meter, a stove, refrigerator, microwave, living area, bathroom, driveway, and entryway. Being offered fully rented and at an attractive price.
• Potential ARV: $340,000-$360,000
• Rehab Description: The duplex is currently rented at $2000/mo and in rental condition. To maximize rents/resell value, a cosmetic facelift is recommended. 2005 Roof but in good condition -no leaks. Newer wall units in the 1/1. Central HVAC in the 2/1 is a little older. Modernize the interior by updating the flooring, kitchen, baths, and fixtures/trim. Apply interior/exterior fresh paint and deep clean. Finish up with landscaping to boost curb appeal!
• Comparable Rent: $2500-$2600/MO
• Ideal Investment Strategy: Rental/Resale
• Construction: FR
• Comp 1: 3107 W Lloyd St, Pensacola, FL 32505 Duplex (4/2 & 1/1 nonconforming) 1654 SQFT 1940 Build SOLD @ $325,000 11/01/24 (Smaller/clean with some updates)
• Comp 2: 813 N B St, Pensacola, FL 32501 Duplex (2 2/1s conforming) 1320 SQFT 1985 Build SOLD @ $343,000 10/25/24 (Smaller/fully updated)
• Comp 3: 3117 W La Rua St, Pensacola, FL 32505 Duplex (2/1.5's conforming) 1571 SQFT 1970 Build SOLD @ $3340,000 07/29/24 (Smaller/Clean with some updates)
• Video: Walkthrough video available
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab