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Lillian Hwy, Florida 32506, USA
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Rental Income : $13,555 mo. / $162,660 yr.
24 bed 16 bath
9,572 sq ft Built in 1948
Rehab Projection : $60-$80,000
Estimated Taxes : $11,875 / yr.
Property Management : $13,013 / yr.
HOA Dues : $0 / yr.
Situated on over an acre near Paradise Beach in Florida's Panhandle, is this single-story 4-building property that features (8) two-bedroom/one-bathroom units and (8) one-bedroom/one-bathroom units.
The property is currently fully rented with a strong historical occupancy. Renovations have been done to all units in the last 24 months, including roof replacement in 2021, exterior paint, and re-build of the fence and mailbox area.
The complex is currently generating over $13,000 per month in gross rental income. Increasing the rents to market value as they renew will increase the APY to over 9%. Since most of the big-ticket items have already been covered, we expect lower operating expenses in the years to come, maximizing your overall return.
Walk into this turn-key property and generate a solid return from day one.
8 units 2B/1B
8 Units 1B/1B
4 Single-story buildings
New Roof in 2021
2021 Exterior paint, re-built of fence and mailbox area.
Current rental income is $13,555/month
Professionally managed for several years.
Close to the water.
Strong historical occupancy.
Financials available for Qualified Buyers only.
1201-1281 W Maxwell St, Pensacola FL 32501
36 bed / 18 bath | 16,956 sq ft
9980 Bowman Ave, Pensacola FL 32534
$1,800,000 | SOLD 04/28/2022
32 bed / 32 bath | 17,600 sq ft
Sold price per square feet is $102
NOTE: THIS IS WHOLESALE DEAL
- All offers are Cash or Private Money Only
- Minimum non-refundable deposit required
- Properties are sold AS-IS with NO contingencies; Please inspect first.
- Buyer pays all closing costs.
- Taxes, Insurance, and Closing Cost are estimates. Actual cost may vary.