Bought with Dederek Teate, Jr. • KELLER WILLIAMS REALTY GULF COAST
$65,000
$70,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1.5 Baths
1,000 SqFt
SOLD DATE : 12/03/2019
Key Details
Sold Price $65,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $65
Subdivision Mayfair
MLS Listing ID 555067
Sold Date 12/03/19
Style Ranch
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1961
Lot Size 0.300 Acres
Acres 0.3
Property Description
Incredible investment opportunity! * Tenant-occupied home rented through mid-2020 **** After lease is up, you can either flip the property for a nice profit (3 BR homes under $150k are in HUGE demand!) or continue renting to the same tenant – who has been in the home for years! * The tenant of this home has resided since 2010 (at $650/month, but this lease rate is low and can be increased substantially) and is under lease until 4/30/20. **** The Cap Rate on this property is at least a 12 (which means it is a solid investment) and the property has been renovated to some extent – the fridge was replaced when the tenant took residence, and new A/C was installed in 2017! * The home is believed to be in overall good condition and will make a solid investment as it would likely sell for $10-15k more if vacant --- or rent it long-term and let someone pay it off for you and potentially realize a huge return on your investment * Broker is the Property Manager and has inspected the home (as we do with all of homes in portfolio) 4x annually....so we believe that the home is in good overall condition **** Please verify all features, dimensions, etc that are important to you. * This is an AS-IS / WHERE-IS sale but as noted, the home is believed to be in good condition!
Location
State FL
County Escambia
Zoning Res Single
Rooms
Dining Room Kitchen/Dining Combo
Kitchen Not Updated
Interior
Heating Central
Cooling Central Air
Flooring Tile
Appliance Electric Water Heater, Dishwasher, Electric Cooktop, Refrigerator
Exterior
Garage Carport
Carport Spaces 1
Pool None
Waterfront No
Waterfront Description None, No Water Features
View Y/N No
Roof Type Composition
Parking Type Carport
Total Parking Spaces 1
Garage No
Building
Lot Description Interior Lot
Faces NORTH on Mobile Hwy * RIGHT on Massachusetts Ave * RIGHT on Bridgedale Rd * LEFT on Webster Dr * house on LEFT
Water Public
Structure Type Brick Veneer, Frame
New Construction No
Others
Tax ID 152S301000006027
Special Listing Condition As Is
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