Triplex in Pensacola FL. Rent $2,700/mo Pending

This property is every landlord’s dream! A huge triplex made out of block, on a slab, with concrete floors and walls. Oh, did we mention the units are all individually metered for utilities? This thing is an absolute TANK of a building. The two downstairs units are approximately 625 sqft each. Both are 2 bed/1 baths with nice sized living spaces and large closets. The upstairs unit is a 1228 sqft 3 bed/1 bath unit with a 550 sqft screened in the patio made of block and cement floors that could easily be converted into 2 more bedrooms.  We were quoted at $10k to replace the roof.  There are no signs of any issues with the plumbing, or electrical (copper), and each unit has its own service.  There is also a laundry room that could be used as a coin laundry or add the usage to the rent for additional income. There are some really cool features in this property that you really need to see to fully appreciate. The property will need a good clean out and minor updating in certain areas (appliances, light fixtures, etc), plus replacing a few windows on the lower units, and interior and exterior paint. Outside of some minor repairs, this thing is ready to bring in $2,500/mo+ for its next owner. Don’t miss out on this insane cash flow play. Home is vacant and on a lockbox.

Our multifamily deals have been going quickly, so get this one while you can!

Property Appraiser

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Property is vacant and on a lockbox.