Bought with Matthew Jones • KELLER WILLIAMS REALTY GULF COAST
$307,500
$299,900
2.5%For more information regarding the value of a property, please contact us for a free consultation.
14 N J St Pensacola, FL 32502
6 Beds
4 Baths
2,187 SqFt
Key Details
Sold Price $307,500
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,187 sqft
Price per Sqft $140
Subdivision Maxent Tract
MLS Listing ID 558372
Sold Date 09/30/19
Bedrooms 6
Full Baths 4
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1930
Lot Dimensions 50x150
Property Description
This Charming 6 Bedroom, 4 Bathroom complex is situated in the Historic District of the ever developing Downtown Pensacola. It has many more opportunities than immediately meet the eye! The main house is a 3 Bedroom 2 Bathroom home with nearly 1100 Square feet of living space that has been renovated head to toe. The hardwood floors have been stripped and refinished, the bathrooms have been completely gutted and refurbished, and the kitchen features Oak Cabinets and Granite counter tops! There are two additional units to include a 1 Bedroom 1 Bath apartment that rents at $700 per month, and a 2 bedroom/1 bath unit that rents for $800 per month. The owner occupies the main house, however it can be rented at current market value of between $1,500 and $1,800 per month. The potential gross rent for the property is $3,300 to $3,500 per month. The property is ideal for the investor, or the primary resident looking to produce a positive cash flow after paying the mortgage. The seller owns the adjacent 45'x100' lot that he would consider selling also. The property yields a Net ROI of 10% annually and will not last long!
Location
State FL
County Escambia
Zoning City
Rooms
Kitchen Granite Counters, Pantry
Interior
Interior Features In-Law Floorplan
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Hardwood, Tile
Appliance Electric Water Heater, Built In Microwave, Dishwasher, Refrigerator, Self Cleaning Oven
Exterior
Parking Features Driveway
Fence Other, Partial
Pool None
Waterfront Description None, No Waterfront Features
View Y/N No
Roof Type Composition
Garage No
Building
Lot Description Central Access
Faces Take FL-291 S, Brent Ln and FL-292 W/N Pace Blvd to W Gregory St 15 min (5.9 mi) Continue on W Gregory St. Drive to N J St 2 min (0.4 mi) 14 N J St Pensacola, FL 32502
Water Public
Structure Type Vinyl Siding, Frame
New Construction No
Others
Tax ID 000S009080075046
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