706 E Belmont, Pensacola, FL 32501

$284,900
1,861
SqFt
List Price
$284,900
Price Change
▲ $10,000 1543312245
MLS#
545565
Status
ACTIVE
Type
Multifamily
Year Built
1918
City
Pensacola

Property Description

In the heart of Downtown Pensacola you'll find this classic duplex. It is currently 100% occupied with long term tenants and an excellent rental history before that. The duplex is well maintained and recently updated. New kitchen and a nearly completed exterior facelift will make this place look brand new. The charm of the neighborhood is complemented by historic architecture and walkable streets. To the left and right you'll notice newly renovated homes. Through the front doors, you'll find high ceilings and original hardwood flooring. From the steps, this gem is just a short bike ride or walk to the popular downtown lifestyle. If you like the sound of that your tenants will too. Income from both units totals $2400 total monthly and there is potential to raise these upon lease renew. Yearly taxes are $1730 and the current insurance premium is about $1100 yearly. With those numbers, you'll be left with a healthy passive check each month or a nearly free-living situation if you live in one side and rent out the other. Nearby Airbnb rates ring in at $100+ per night - potentially more during summer and holiday seasons. Message today for more information.

Additional Information

High School
Pensacola
Living Area
1,861
Lot Description
HISTORIC DISTRICT, INTERIOR
Heating
CENTRAL ELECTRIC
Roof
HIP, GABLE
Elementary School
Global Learning Academy
High School
Pensacola

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Voyage Real Estate LLC.

Copyright© 2016 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.