608 N 9th Ave, Pensacola, FL 32501
608 N 9th Ave, Pensacola, FL 32501,Video Tour
608 N 9th Ave, Pensacola, FL 32501
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Listed by Katie Anderson • KELLER WILLIAMS REALTY GULF COAST
$690,000
Est. payment /mo
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3 Baths
1,300 SqFt
Price Dropped by $10K

608 N 9th Ave Pensacola, FL 32501

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Tim Whittemore

Tim Whittemore

+1(850) 204-4416

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,300 sqft

Price per Sqft $530

Subdivision New City Tract

MLS Listing ID 685359

Full Baths 3

HOA Y/N No

Year Built 1936

Property Sub-Type Duplex

Source Pensacola MLS

Property Description

*Seller Financing available 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.

Location

State FL

County Escambia - Fl

Zoning Commercial

Interior

Heating Central

Cooling Central Air

Flooring Hardwood

Appliance Electric Water Heater

Exterior

Parking Features Carport

Carport Spaces 1

Pool None

View Y/N No

Roof Type Shingle

Total Parking Spaces 1

Garage No

Building

Lot Description Central Access

Faces From Cervantes, go south on 9th Ave, house is on the left

Story 1

Water Public

Structure Type Frame

New Construction No

Others

Tax ID 000S009025019062

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Tim Whittemore

Tim Whittemore

Team Lead | License ID: SL3354763

+1(850) 204-4416

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608 N 9th Ave