Distressed Historic Urban Eyesore, vacant for years needs a second chance. It was built in 1918 but still has good bones and needs major work. With proper renovation, projected ARV $72.4k. Current tax assessed value, $38k. Prime location, occupies two lots, good for residential use. A block away from 5 Sisters Restaurant & Cervantes Street, minutes away from Downtown Pensacola & Home Field of the Pensacola Blue Wahoos. Quick access to I-110, Airport & Beaches. The median fair market rent for this area is $800/month. Annual taxes is less than $800. Average list price for zip code 32501 is $235,201. We dropped the price to Fix & flip or Buy & Hold. Hurry, either choice will turn this vacant property into a handsome investment. Don't let this Urban Blight block your view on a huge ROI before 2014 ends. Ask me about the TAX CREDIT for HISTORIC HOMES built before 1935!
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