Investment Property Pensacola FL $115,000

By
Real Estate Agent with Main Street Properties

Investment Property Pensacola FL $115,000

 

JUST LISTED Duplex in the Myrtle Grove Neighborhood in Pensacola Florida

701 North 72nd Avenue 32506

 

Has been a rental investment for the same owner for the last 20+ years

Unit 701 is vacant || 1,390 square feet appoximate || 3 bedrooms || 1 bathroom || one car carport || utillity room with washer dryer hook-up

Unit 703 occupied || approximately 500 square feet || efficiency || one car carport || utility room with washer dryer hook-up

  • Potential Gross Income is $1,200 per month.  
  • Cap rate estimate 7.5% with a 70% LTV with a 6% rate

Unit 701

Unit 701

  

  

 

 701 North 72nd Avenue Pensacola FL 32506

 

Jack Lara, Better Homes and Gardens Real Estate, Main Street Properties, Pensacola, FL

(850) 554-9543 or Jack@PensacolaAreaProperties.com

 

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Ambassador
3,784,948
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Jack,  Congratulations on this listing.  It looks like an excellent opportunity for an investor.  I am sure you will find the right one soon.

Jan 12, 2019 10:59 PM #1
Rainmaker
2,713,457
Richard Weeks
Dallas, TX
REALTOR®, Broker

Congratulations on your new listing.  Nice house and nice job with your presentation.

Jan 13, 2019 07:05 AM #2
Ambassador
1,534,193
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

7.5% with those terms is actually an excellent return for an investor. Curious about what the cash on cash is.

Jan 13, 2019 10:43 AM #3
Rainmaker
123,820
Jack Lara
Main Street Properties - Pensacola, FL
"Jack Lara...Your Real Estate Advisor"
Term of Loan 30
Interest Rate 6.00%
% Down Pymt 30%
Closing Costs/Prepays $3,450
Annual Debt Service $5,796
Cash on Cash Return 7.37%
Debt Service Ratio 1.48
Operating Expense Ratio 40%
Jan 13, 2019 12:42 PM #4
Rainmaker
302,779
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

Congratulations on your new listing! I hope it will sell soon and that investors are finding this as a great opportunity to grow their portfolio!

 

Jan 13, 2019 07:06 PM #5
Rainmaker
1,509,849
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

This is a great property and great presentation. Thank you for sharing!

Jan 14, 2019 08:29 AM #6
Ambassador
3,643,731
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Jack Lara welcome to ActiveRain, and congratulations on successfully posting your first blog on this site.

Jan 16, 2019 07:01 PM #7
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Rainmaker
123,820

Jack Lara

"Jack Lara...Your Real Estate Advisor"
I need help. I may lose my house what are my options?
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