$490,000 - 668 72nd Ave #a, B, C, D, Pensacola

Quadplex unit with income in the range of approx $50,000 annually w/ potential for more - which equals a cap rate of approx 10%!!! * Most units have been updated with some having major updates or modifications to make them more desirable and modern, not to mention many new features such as: Roof, A/C & Heat, and more! * Redacted Leases will be provided upon request * All units are currently under strict, lawyer-executed leases with each tenant paying a "utility fee" monthly that adds to the profitability of the overall complex * Please see a copy of the map that shows what is being sold ** (NOTE: please verify all features, dimensions, numbers, etc...also note that the Owner owns 2 other 4-plexes adjacent to this - that all share the same parking lot. Meaning, you could own a total of 12 units. There is also a vacant lot adjacent to this quad that could be purchased for $75k. Buyer could build up to 28 units on this lot!).