3081 N 16th Ave
Pensacola, FL 32503
2185 sqft | #659263
Description
Investment Opportunity in East Hill! Located on the corner of E Hayes St and N 16th Ave in the desirable East Hill neighborhood, these two (fully renovated down to the stud) duplexes offer incredible rental potential. Effective year built is 2024. Both duplexes contain 2 units: each unit contains 2 bedrooms, 1 bathroom, a kitchen, a living room, laundry, and a separate driveway. 1 of the 4 units (unit closest to Hayes St) is staged and ready to tour. Both parcels combine to be 0.378 acres on a corner lot. The sellers put up a new privacy fence as well. With a potential rental income of $1,750 per month per unit, this property has the potential to generate approximately $84,000 in gross annual rental income. With the 2 duplexes essentially being brand new, you can enjoy the peace of mind that comes with low maintenance and no immediate repair or update costs. Insurance quotes came in around 5k per year in total. This is a rare opportunity to own a modern, well-located multi-unit property in East Hill – perfect for investors looking for a high-quality addition to their portfolio.
Property Details
- Property TypeMulti-Family
- Lot DescriptionCorner Lot
- High SchoolWashington
- Property SubtypeQuadruplex
- Elementary SchoolOj Semmes
- CountyEscambia
- Original List Price$899,000
- Middle SchoolWorkman
- MLS #659263
- Cost899000
- MLS #659263
- Square Feet2185
- Year Built1955
Location
Legal
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Last Updated: . Source: PAR (FL)
Listing Courtesy
Listing Agent: Cole Jenkins (#17254)
Listing Office: Kuhn Realty (#KUHN01)
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