Under $100K Sunday ~ c.1944 Move-In Ready Cottage in Pensacola $100K ~ Sold

3946 W Jackson St, Pensacola, FL 32505 $100,000 ~ Sold

OHU50K NOTES

This sweet c.1944 move-in ready cottage in Pensacola, Florida, comes complete with white picket fence, landscaped yard, updated kitchen, fireplace, hardwood floors and French doors.

The property’s close proximity to NAS Pensacola and Gulf beaches make it a great rental investment. We visited Pensacola when my son received his wings, and I was impressed with downtown’s historic homes and the area’s pure white sand beaches. The sand was like snow.

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3bed
1bath
1,320sqft
8,480sqft lot
Build date 1944
Google Map
Property Listing
Realtor: MICHAEL MORAN with Aqua1realty, Inc.

REALTOR COMMENTS

Move-In Ready, but because of the Coronavirus, the current renter (whose lease ends 30 Jun 2020) will not permit showings of the home. I will be glad to arrange a showing anytime after 30 Jun.

At asking price and current rent ROI is approximately 8.8 BUT with a rent raise to $995 a month, ROI would be approximately 11.9. Further, if pets were permitted, rent could be raised further for increased ROI. These numbers are only approximations, investors should do their own investigation. Interestingly enough, there is only 1 other rental property in zip 32505 or 32507 that allows pets.

Only 6 miles from NAS Pensacola and 4 miles from Navy Hospital Pensacola. This solid home was completely remodeled inside in 2017. New wiring, new A/C, some plumbing, new paint etc. Yes, it has two living rooms; one of which could be turned into a 4th bedroom with the addition of a closet. Or there is enough room in the attached den to make a 2nd bath. Being sold strictly as is but very little to no work necessary to make it ready to rent. It is well maintained needing only some shrubbery to be trimmed.