4.37 Acres with 3 mobile homes and 1 wood frame house. All need rehab, and 2 are occupied currently. (Do not disturb occupants). The county has it zoned for up to 9 units, so there is the possibility of adding an additional 5 units for even more cash flow. Between the existing structures, and potential to add 5 more units, this is the best bang for your dollar in the area. There is city water, so no need to deal with wells. There is also a possibility of piggybacking some of the electrical / septic for future units off of the existing units to save even more $$$ on development. There is also a chance to assemble some of the surrounding parcels in the future to make the property even more valuable, especially since Pensacola is expanding into Cantonment driving demand up. This is the seller's opinion, and all information to be confirmed by the buyer.
Property Type :
Residential
County :
Escambia
Style :
Residential
Sell a home like this and save $14,501 Find Out How
Copyright © 2020 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.
ByOwner last updated this listing 04/28/2024 @ 18:31
MLS: 638128
LISTED BY: Tim Ekelund, 1st Class Real Estate Gulf Coast
SOURCE: Pensacola MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
