Memphis Avenue Duplex

Multi-Family for Sale
Catylist Listing ID: 30867956
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 3,277 SF
Gross Building Area: See Agent
Sale Price: $385,900
Unit Price: $192,950 Per Unit
Property Use Type: Investment
Usable Size (USF): 3,277 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 4/9/2024

Overview / Comments

This sprawling Duplex has SIX BEDROOMS, THREE BATHROOMS and OVER 3,200 sf. Looking for a place to live and have rental income at the same time? This is perfect! Whether you live in the smaller side and rent the other or live in the BIG one. the rental income on the property last year was just shy of $38,000. The pool has a new liner, New roof in 2022, New HVAC in 2023. Quartz counter tops in the 4/2 and a beautifully updated Farmhouse kitchen in the 2/1. Power is metered separately. Don't wait on this one. The 2/1 892 sf side is currently rented for $1,200/month in a month-to-month. The rental history on the 2385 sf 4/2 is $2150. They can stay if the new owner wants to extend their lease.

Financials

Finance Data Year 2023
Gross Operating Income $37,792 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 132S301206005002
Zoning: C
Percent Occupied: 50%
Community Amenities: Outdoor Pool
Year Built: 1967
Year Renovated: 2022
Laundry: In Each Unit
Heat Type: Electricity
Legal Description: N 175 FT OF S 240 FT OF W 132 FT OF NW 1/4 OF NE 1/4 OR 8884 P 8

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,033 61,135 150,617
Median Age: 36.97 36.86 36.63
Households: 4,682 23,972 58,874

Contact

Photograph of Listing Agent

Stacey Rising

Better Homes & Gardens Main Street Properties Pensacola
Gulf Coast CMLS Member
© Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions.