921 Bremen Ave

    Pensacola, FL 32507
    • $764,500
    • STATUS: Active
    • ON SITE: 31 days
    • MLS #: 568275
    Price Reduced
    UPDATED: 38 min ago
    $764,500
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,970
      SQFT
    • $64
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    14-unit portfolio at only $55K/unit! (805 Bremen Ave, 821 Calhoun Ave, 831 Calhoun Ave, 851 Bremen Ave, 921 Bremen Ave, 923 Bremen Ave). This cash cow of a portfolio is comprised of 4 duplexes and 2 triplexes and falls within the Warrington Redevelopment District where there are grants available for eligible improvements (rewires, roofs, etc.). Gross monthly income is $8,450. Tenants pay all utilities with the exception of two of the HUD units where the owner pays for the garbage ($50/month for both units). 2019 Taxes for all buildings was $8,108. Recent rents for similarly updated 2/1 units in the neighborhood are as high as $700. Current rents range from $550-650. All HUD units are rented for $600/mo. Four units are on 12-month HUD leases. All but one of the remaining units are on "verbal" month-to-month leases. Metal roofs installed in 2005 on the two triplexes. 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. There is a vacant lot between the triplexes that has a separate tax ID and it is being sold with the portfolio. Seller will NOT sell individually. All offers MUST include a pre-approval letter or proof of funds and there will be NO showings without an accepted offer. 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

    Monthly Payment Calculator



    © 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: 2020-04-03T06:42:10.723.
    www.levinrinkerealty.com/homes/103748265

    921 Bremen Ave Pensacola, FL 32507

    • Price: $764,500
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 568275
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    11,970
    SQFT
    $64
    $/SQFT
    1979
    Built
    Neighborhood:
    Beach Haven
    County:
    Escambia
    Area:
    Pensacola
    Elementary School:
    Navy Point
    Middle School:
    Warrington
    High School:
    Escambia
    Property Description
    14-unit portfolio at only $55K/unit! (805 Bremen Ave, 821 Calhoun Ave, 831 Calhoun Ave, 851 Bremen Ave, 921 Bremen Ave, 923 Bremen Ave). This cash cow of a portfolio is comprised of 4 duplexes and 2 triplexes and falls within the Warrington Redevelopment District where there are grants available for eligible improvements (rewires, roofs, etc.). Gross monthly income is $8,450. Tenants pay all utilities with the exception of two of the HUD units where the owner pays for the garbage ($50/month for both units). 2019 Taxes for all buildings was $8,108. Recent rents for similarly updated 2/1 units in the neighborhood are as high as $700. Current rents range from $550-650. All HUD units are rented for $600/mo. Four units are on 12-month HUD leases. All but one of the remaining units are on "verbal" month-to-month leases. Metal roofs installed in 2005 on the two triplexes. 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. There is a vacant lot between the triplexes that has a separate tax ID and it is being sold with the portfolio. Seller will NOT sell individually. All offers MUST include a pre-approval letter or proof of funds and there will be NO showings without an accepted offer. 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 ShingleMetal Siding Brick

    Interior Features

    Cooling 2+ UNITSCENTRAL ELECTRIC Floors Tile Heating 2+ UNITSCENTRAL ELECTRIC Kitchen Features DishwasherElectric StoveMicrowaveOven/CooktopRefrigerator Miscellaneous Equipment Central Vac Water Heater Electric

    Property Features

    Condo Name N/A Electrical Copper Wiring Energy Ceiling Fans Multifamily Type Apartments Special Sale Type N/A Tenant Pays Cable TvElectricInternetTrash DisposalWater/SewerYard Maintenance Units Unit2 14 Water Sewer Public WaterSeptic Tank Zoning Res Multi

    Listing provided courtesy of Keller Williams Realty Gulf Coast.


    © 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: 2020-04-03T06:42:10.723.
     
    Levin Rinke Realty
    10 Portofino Drive
    Pensacola Beach FL, 32561