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Listed by Caleb Drake • Levin Rinke Realty
$214,990
Est. payment /mo
1,352 SqFt
Price Dropped by $10K
106 and 108 Cherokee Trl Pensacola, FL 32506
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,352 sqft
Price per Sqft $159
Subdivision Osceola Country Club
MLS Listing ID 659179
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1953
Property Sub-Type Duplex
Property Description
***Income-Producing Triplex – Duplex with Detached Efficiency Unit*** This three-unit investment property offers immediate cash flow and strong long-term potential. The property includes a duplex and a detached efficiency unit on the same lot, providing multiple income streams. The duplex is currently rented for $1,620 per month on annual leases, with room to increase rents. The efficiency unit offers additional income potential, with market rents estimated at over $500 per month. Recent updates include a newer roof, just three years old, reducing capital expenditures for the foreseeable future. The duplex has also been rewired, adding to the property's reliability and value. Professionally managed with quality tenants already in place, this is a true turnkey investment with minimal hands-on involvement. The strong rental history and the ability to optimize rental rates make this an excellent opportunity for investors looking to maximize cash flow. Schedule a showing today.
Location
State FL
County Escambia
Interior
Heating Central
Exterior
View Y/N No
Roof Type Shingle
Building
Lot Description Corner Lot
Faces Turn Right from Fairfield Drive to Mobile Highway First light turn left on Cherokee Trail house is on the right side second block
New Construction No
Others
Tax ID 142S308001040002
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