Bought with Cynthia Tant • Gulf Coast Home Experts, LLC
$450,000
$499,900
10.0%For more information regarding the value of a property, please contact us for a free consultation.
2,591 SqFt
SOLD DATE : 11/04/2021
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,591 sqft
Price per Sqft $173
Subdivision Belmont Tract
MLS Listing ID 597138
Sold Date 11/04/21
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1900
Property Description
Built in 1900, this historic North Hill home has been turned into a charming 4 unit income property. Located less than a 5 minute drive to downtown Pensacola and less than 20 minutes to Pensacola Beach, this property has great potential as a short or long term rental! With a short term gross income projection of $95k this property could be a real money maker for the right owner. 3 of the 4 units are currently occupied as long term rentals and the largest unit is being left vacant for the new owner to occupy or rent at their discretion. One unit is 1 bedroom 2 bath, two units are 1 bed 1 bath and one unit is a studio. The entire property has loads of charm with 10" base boards, lots of original doors and door hardware, original hardwood floors in most of the units and LVP over hardwood in unit #1, multiple fireplaces and a beautiful wrap around front porch. Each unit is separately metered for electric the exterior was caulked and painted . Owner pays water/sewer, gas and a small electric bill for the one shared hallway. The average owner paid utilities per month for the last 3 months was $157. A short term rental projection and additional details are available upon request.
Location
State FL
County Escambia
Interior
Heating Wall/Window Unit(s)
Exterior
Waterfront No
View Y/N No
Roof Type Shingle
Building
Lot Description Interior Lot
Faces From Cervantes St, turn north on Spring St and the 4plex will be on your left.
New Construction No
Others
Tax ID 000S009010015042
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