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Listed by Cole Jenkins • Kuhn Realty
$ 899,000
Est. payment /mo
New
3081 & 3061 N 16th Ave Pensacola, FL 32503
2,185 SqFt
UPDATED:
02/17/2025 06:53 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,185 sqft
Price per Sqft $411
MLS Listing ID 659263
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1955
Property Sub-Type Quadruplex
Property Description
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.
Location
State FL
County Escambia
Interior
Heating Central
Exterior
View Y/N No
Roof Type Shingle
Building
Lot Description Corner Lot
Faces North on 17th Ave, Left on E Hayes St, Left on 16th Ave, 4plex is on the left.
New Construction No
Others
Tax ID TBD (see Agent Notes)
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