Active

3081 & 3061 N 16th Ave

Pensacola FL, 32503

$899,000


$411.44 per sqft

Active

2,185 sqft

Multi-family

Built in 1955

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. 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.

659263

MLS ID

February 17, 2025

Listed

February 20, 2025

Updated

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Features

Corner Lot


Roof

Shingle

School Information

High School

Washington


Elementary School

Oj Semmes

Other Property Details

Garage

No


View

No


County

Escambia


Pool

No

 

Courtesy of Kuhn Realty, Cole Jenkins,
Listing Contact:  

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Last updated 2/20/2025 7:51 PM UTC

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