805 Bremen Ave

    Pensacola, FL 32507
    • $219,000
    • STATUS: Active
    • ON SITE: 42 days
    • MLS #: 570731
    UPDATED: 58 min ago
    $219,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,360
      SQFT
    • $65
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    TWO duplexes with value-add opportunity! 805 Bremen Ave A/B & 851 Bremen Ave A/B. Gross monthly income is $2,500/mo. Tenants pay all utilities with the exception of 805 Bremen Apt A (HUD unit--owner pays trash $25/mo). 2019 Taxes for both of the buildings was $2,230. Current rents range from $600-650/mo. Rental comps for similarly updated 2/1 units in the neighborhood are as high as $700/mo. Three of the units are on "verbal" month-to-month leases with the current owner--whereas 805 Bremen Apt A is on a 12-month HUD lease. All units are on central HVAC and all have septic systems, however, the county is in the process of running sewer through the neighborhood as part of the Warrington Redevelopment plan. The properties are within the Warrington Redevelopment District where there are grants available for eligible improvements (rewires, roofs, etc.). The seller will NOT sell individually. All offers MUST include a pre-approval letter or proof of funds. No showings without an accepted offer and EMD. Contact agent for link to additional pictures, financials, etc. See the MyEscambia Residential Rehab Grant Program website for details on the eligibility requirements and improvements: https://myescambia.com/our-services/neighborhood-human-services/community-redevelopment-agencies/programs-and-services/residential-programs/residential-rehab-grant-program

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    © 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. Data last updated: 2020-05-27T07:42:02.153.
    www.levinrinkerealty.com/homes/105026853

    805 Bremen Ave Pensacola, FL 32507

    • Price: $219,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: 570731
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,360
    SQFT
    $65
    $/SQFT
    1978
    Built
    Neighborhood:
    Beach Haven
    County:
    Escambia
    Area:
    Pensacola
    Elementary School:
    Navy Point
    Middle School:
    Warrington
    High School:
    Escambia
    Property Description
    TWO duplexes with value-add opportunity! 805 Bremen Ave A/B & 851 Bremen Ave A/B. Gross monthly income is $2,500/mo. Tenants pay all utilities with the exception of 805 Bremen Apt A (HUD unit--owner pays trash $25/mo). 2019 Taxes for both of the buildings was $2,230. Current rents range from $600-650/mo. Rental comps for similarly updated 2/1 units in the neighborhood are as high as $700/mo. Three of the units are on "verbal" month-to-month leases with the current owner--whereas 805 Bremen Apt A is on a 12-month HUD lease. All units are on central HVAC and all have septic systems, however, the county is in the process of running sewer through the neighborhood as part of the Warrington Redevelopment plan. The properties are within the Warrington Redevelopment District where there are grants available for eligible improvements (rewires, roofs, etc.). The seller will NOT sell individually. All offers MUST include a pre-approval letter or proof of funds. No showings without an accepted offer and EMD. Contact agent for link to additional pictures, financials, etc. See the MyEscambia Residential Rehab Grant Program website for details on the eligibility requirements and improvements: https://myescambia.com/our-services/neighborhood-human-services/community-redevelopment-agencies/programs-and-services/residential-programs/residential-rehab-grant-program
    Exterior Features

    Construction Brick Design 1 STORY Exterior Features Backyard FencePartial Fence Foundation Slab Lot Description Central Access Roof Architectural Shingle

    Interior Features

    Heating Central Electric Kitchen Features DishwasherElectric StoveMicrowaveOven/CooktopRefrigerator Water Heater 2+ UNITS

    Property Features

    Condo Name N/A Electrical Copper Wiring Multifamily Type Apartments Special Sale Type N/A Tenant Pays Cable TvElectricInternetTrash DisposalWater/SewerYard Maintenance Units Unit2 4 Zoning Res Multi

    Listing provided courtesy of .


    © 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. Data last updated: 2020-05-27T07:42:02.153.
     
    Levin Rinke Realty
    10 Portofino Drive
    Pensacola Beach FL, 32561