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For sale 11 days ago

$250,000

5+ bd 2 ba 1815 sqft

26 Lincoln Road, Pensacola, FL 32507

Residential SFR

Current Rent **

N/A

Projected Rent **

$2,350

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Turnkey Duplex - investor/owneroccupant

Looking for a turn key investment duplex? This property consists of two separate houses on one parcel and each have been recently refurbished including new kitchens, flooring, paint, and tile showers. The front house is a 3/1 at 1059 sqft. The back house is a 2/1 759 sqft. Both have in house laundry hookups and seperate outdoor space. Age of boths roof are 2019. The house on the back has access to the garage for private parking and an extra overhang for storage.

See Attached inspection reports from 2022 prior to renovations. Seller is fixing A/C compressor to blow cold air as soon as possible. Prior to upgrades, Unit A Rented for $1,300 and Unit B Rented for $850. All mechanical dates of installation should pass insurance requirements - see 4 pt inspection documents. Washer and dryer does not convey.

Location:

26 Lincoln Road, Pensacola, FL 32507

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.