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