Investment Opportunity: Small Home in Pensacola, FL
Property Details:
- Beds/Baths: 2 Bed / 1 Bath / Carport
- Livable Area: 690 sqft (per tax records)
- Lot Size: 7,840 sqft
- Year Built: 1948 (Block Construction)
- Asking Price: $74,000
- ARV: $155,000
- EMD: $5,000
- COE: 10/4/24
Link to Photos:
Key Features:
- Roof: Only 4 years old, and permitted
- HVAC: No HVAC system present, allowing for potential upgrades
- Compact Size: 690 sqft, ideal for a quick and affordable rehab
- Large Lot: 7,840 sqft lot offers room for improvements or outdoor enhancements
Investment Highlights:
This 2-bed, 1-bath home in Pensacola offers a great entry-level investment opportunity. Priced at $74,000, this compact property sits on a spacious lot and has the potential for updates to increase its value significantly. The roof is only 4 years old, which reduces initial repair costs, although adding HVAC will be a needed improvement.
With an ARV of $155,000, this property offers solid upside, especially after cosmetic and mechanical upgrades. Recent comparable sales in the area show similar properties selling in the $150k-$170k range after remodeling:
Comps:
2206 W Godfrey St
- Sold for $167,000 in May 2024 (Remodeled, Block)
- 3 beds / 1 bath / 871 sqft / Built in 1951
1220 N Kirk St
- Sold for $165,000 in September 2024 (Remodeled, Block)
- 2 beds / 1 bath / 868 sqft / Built in 1942
2701 W Brainerd St
- Sold for $150,000 in August 2024 (Fairly Updated, Wood Frame)
- 2 beds / 1 bath / 768 sqft / Built in 1960
This home is a great value-add investment with room for growth in Pensacola’s appreciating market.
For more details or to schedule a viewing, please contact:
📞 Phone: 813-544-4909