608 9th Ave, Pensacola, FL 32501
- $690,000
- 4
- BD
- 1,300
- SqFt
- List Price
- $690,000
- Status
- ACTIVE
- Days on Market
- 21
- Price Change
- ▼ $10,000 1785001176
- MLS#
- 685487
- Subtype
- Residential
- Style
- Cottage
- Construction Status
- Resale
- Year Built
- 1936
- Bedrooms
- 4
- Full Baths
- 3
- Living Area
- 1,300
- Lot Size
- 2,178
- Acres
- 0.05
- Subdivision
- New City Tract
Property Description
*Seller financing option with $350k down* Located less than one mile from Downtown Pensacola, 608 N 9th Ave offers two fully furnished rental units on one property with established mid-term rental income already in place. Check the documents for proven cap rate info! The front unit is a 2 bedroom, 1 bath cottage with a covered front porch, bright exterior, and a layout that works well for furnished rental use. The back unit is a 2 bedroom, 2 bath residence, with off street parking, giving the property two separate rental options on one downtown-adjacent parcel. Both units are currently leased through the remainder of 2026, giving an investor immediate income without the initial vacancy period, furnishing expense, or setup work typically required when launching a furnished rental. The sale includes furnishings, and the property is currently self-managed with no property management fee built into the current operation. Projected 2026 gross revenue is approximately $66,506 based on seller-provided income history and existing lease agreements. The location supports multiple rental strategies, with quick access to Downtown Pensacola, Pensacola Bay Center, McGuire’s, the Sanctuary Event Venue, Publix, restaurants, festivals, and Pensacola Beach. The two-unit setup gives a buyer flexibility for mid-term rentals, furnished rentals, corporate housing, travel professionals, or a future owner-occupant scenario with personal residence in one unit and rental for the other. Financial information, income history, projected expenses, and lease details are available for review. Buyers should verify all figures, lease terms, taxes, and rental projections during due diligence.
Additional Information
- Interior Features
- Attached Self Contained Living Area
- HOA Freqency
- Annually
- Property Description
- Cottage
- Flooring
- Hardwood
- Appliances
- Electric Water Heater
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Frame
- Stories
- 1
- Levels
- One
- Roof
- Shingle
- Foundation
- Pillar/Post/Pier
- Pool Type
- None
- Parking
- Carport
- Elementary School
- A.K. Suter
- Middle School
- WORKMAN
- High School
- Pensacola
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Listing courtesy of KELLER WILLIAMS REALTY GULF COAST.
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