SoldSep 23, 2021

Listed and Bought with Scott Fader

Source: Pensacola Association of REALTORS #596808

729 Lownde Ave, Warrington, FL, 32507

$515,000

14000 sq. ft.

Duplex

•

5 days on the market

Sold: Sep 23, 2021

What's around 729 Lownde Ave

About this property

This property sits on a secluded park like setting which tenants are willing to pay extra for with vacancy never being an issue. Each unit is 2/1 with dryer hookups. 2 units have stacked washer/dryer combos that will remain. All utilities are electric. Property has a proven stable rental history and one unit was successful as an AirBnB (approx $3,000/ mo.) with records to show demand. Landlord just did not care for the increased frequency of dealing with short-term rentals. Two units are currently undergoing a kitchen/bath upgrades including, cabinets, granite and island in the kitchen and wall/floor tile and new shower in the baths. Crown molding has been added throughout these two units as well. Numerous other upgrades since purchase to include sod, irrigation, new AC unit (apt 730), new tile throughout 731, tile backsplashes throughout, electronic locks on all doors, solar powered wireless motion activated lights and cameras. Building is constructed of solid concrete floors, ceiling and roof with concrete block exterior walls. Roof is membrane commercial grade. In addition there is tile throughout each apartment meaning maintenance and repairs are minimal. The property is 3/5 minutes to NAS Pensacola/Corry Station respectively. 2 minutes to Walmart and various casual dining spots. 10 minutes to downtown, 5 minute walk to public beach on Bayou Grande, 3 minutes to public boat launch. Adjoining 2.75 acres available.

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