805 Bremen Ave Pensacola, FL 32507

TWO duplexes with value-add opportunity! 805 Bremen Ave A/B & 851 Bremen Ave A/B. Gross monthly income is $2,500/mo. Tenants pay all utilities with the exception of 805 Bremen Apt A (HUD unit--owner pays trash $25/mo). 2019 Taxes for both of the buildings was $2,230. Current rents range from $600-650/mo. Rental comps for similarly updated 2/1 units in the neighborhood are as high as $700/mo. Three of the units are on "verbal" month-to-month leases with the current owner--whereas 805 Bremen Apt A is on a 12-month HUD lease. All units are on central HVAC and all have septic systems, however, the county is in the process of running sewer through the neighborhood as part of the Warrington Redevelopment plan. The properties are within the Warrington Redevelopment District where there are grants available for eligible improvements (rewires, roofs, etc.). The seller will NOT sell individually. All offers MUST include a pre-approval letter or proof of funds. No showings without an accepted offer and EMD. Contact agent for link to additional pictures, financials, etc. See the MyEscambia Residential Rehab Grant Program website for details on the eligibility requirements and improvements: https://myescambia.com/our-services/neighborhood-human-services/community-redevelopment-agencies/programs-and-services/residential-programs/residential-rehab-grant-program