Cash flowing opportunity with A+ paying tenants. Turn-key downtown 3-unit property perfect for investors as two of the three units have been used as short-term rentals, while the third was owner-occupied, but has a wait list for its leasing consideration. Two rental units come furnished, they are the downstairs unit in main house at 1055 sq, ft. and the 900 sq ft cottage out back. The upstairs unit was owner occupied, 1055 sq, ft and is offered unfurnished. The upstairs unit has two decks, one at the entry door and the other on the opposite side allowing great views in every direction. Seller has completely remodeled (down to the studs!) the property in the last two years. It is only a few blocks to the center of downtown and Palafox St. A unique must-see, brimming with opportunity! Driveway on east side will convey with property.
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 654417
Price : $675,000
Year Built : 1900
Building Area : 2,110 Sqft
Status : Active
Property SubType : Triplex
Features
Heating System : Central
Cooling System : Ceiling Fan(s), Multi Units
Fence : Privacy, Back Yard, Other
Patio : Patio, Deck, Lanai
Accessibility Features : Exterior Handicap Provision
Community Features : Pavilion/gazebo
Electric : Circuit Breakers, Copper Wiring
Exterior Features : Balcony, Fire Pit, Barbecue
Laundry Features : Common Area
Lot Features : Central Access
Roof : Gable
Address Map
State : FL
County : Escambia
City : Pensacola
Zipcode : 32502
Street : 508 W Gregory
Floor Number : 0
Longitude : W88° 46' 37.4''
Latitude : N30° 24' 51.9''
Directions : From downtown on Palafox, turn west on Gregory, cross N DeVilliers St, property is on the right.
Subdivision Name : Belmont Tract
MLS Addon
Office Name : Luxury Real Estate Group
Agent Name : Don Becker
Association Fee Includes : Maintenance Grounds, Maintenance, Management, Pest Control, Gas