2624 W Desoto St Pensacola, FL 32505

Huge income potential with this newly renovated turn-key multi-family property on .48 acres. This property is just 2 miles from downtown Pensacola and also the Pensacola Yacht Club and Sanders Beach, 3 miles from the Blue Wahoos Stadium, 6 miles from Pensacola Naval Air Station, and 10 miles from Pensacola Beach. Property currently has 3 units: (1.) 4 Bedroom/2 Bath House (1473 sf) with hardwood floors, tiled showers, granite countertops, new kitchen cabinets and vanities, stainless steel appliances, new fixtures, etc. (2.) 2 Bedroom/1 Bath Apartment (592 sf), which is located above a detached 2-car garage, with LVP Flooring throughout, new kitchen cabinets & countertops, new vanity, new fixtures, etc. (3.) A detached studio apartment/cottage of approximately 400 sf, with LVP flooring throughout, new kitchen cabinets & countertops, new vanity, tiled shower, new fixtures, etc. Each unit has it's own separate gated entrance! The main house has an indoor laundry room. The detached garage has an additional laundry facility, that could be shared by the 2-bedroom apartment and the studio tenants. The detached garage could possibly be converted to an additional apartment, similar to the one above it, or could be rented as storage space. There is also a vacant corner lot on the parcel, which has an RV hook-up. Current as-is gross income potential is approximately $4000 per month/$48,000 per year as a long term rental property, with potential to increase gross long term rent potential to approximately $6000 per month/$72,000 per year, by the possibility of converting the detached garage (ground level) to an additional apartment and putting an RV on the lot. Buyer to do their own due diligence regarding the potential for adding additional units to the property. This property may also be well suited for short term rental / Airbnb use, which could possibly increase income potential! OR... buyer could live in the main house, and rent the other units to pay the mortgage!