MLS® ID: 555067
1165 WEBSTER DR
PENSACOLA, Florida, 32505 $70,000
Incredible investment opportunity! * Tenant-occupied home rented through mid-2020 **** After lease is up, you can either flip the property for a nice profit (3 BR homes under $150k are in HUGE demand!) or continue renting to the same tenant – who has been in the home for years! * The tenant of this home has resided since 2010 (at $650/month, but this lease rate is low and can be increased substantially) and is under lease until 4/30/20. **** The Cap Rate on this property is at least a 12 (which means it is a solid investment) and the property has been renovated to some extent – the fridge was replaced when the tenant took residence, and new A/C was installed in 2017! * The home is believed to be in overall good condition and will make a solid investment as it would likely sell for $10-15k more if vacant --- or rent it long-term and let someone pay it off for you and potentially realize a huge return on your investment * Broker is the Property Manager and has inspected the home (as we do with all of homes in portfolio) 4x annually....so we believe that the home is in good overall condition **** Please verify all features, dimensions, etc that are important to you. * This is an AS-IS / WHERE-IS sale but as noted, the home is believed to be in good condition!