PRICE REDUCTION. Architectural plans for this building are available upon request. With 54+ million dollars of government funding being injected into Pensacola, this investment has HUGE upside potential with little downside risk. After a full renovation, this property is projected to have an impressive cap rate that will make this a vessel for financial freedom. If this information is not enough to catch your attention, then you will want to see the expected equity increase following the rendition of the subject property. Non-represented investors are more than welcome and will be able to see the property upon request, within 24-48 hours. Interior is messy but in-tact.
Financial Considerations
Price:
$1,990,000
HOA Fee:
N/A
Tax Amount:
$7361
Price per SqFt:
$33.12
Tax Legal Description:
BEG NW COR BLK 102 EAST KING TRACT N 80 DEG 06 MIN 38 SEC E ALG S R/W LI OF AVERY ST (50 R/W) 176 FT S 09 DEG 53 MIN 08 SEC E 326 FT S 80 DEG 06 MIN 18 SEC W 176 FT N 09 DEG 53 MIN 08 SEC E ALG R/W LI 326.02 FT TO POB OR 7636 P 970