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$750,000

Beds
7
Baths
5.0
sq ft
2,860

212 W Wright St, Pensacola, FL 32501

212 W Wright St

Pensacola, FL 32501

  • 92 days on market
Attention investors and dreamers! This beautifully restored historic gem in Downtown Pensacola offers an unparalleled investment opportunity with five income-producing units on one lot. The grand, turn-of-the-century main house features two 1-bedroom, 1-bath apartments on the ground floor that can easily be converted back into a spacious single-family home. Upstairs, you'll find three additional bedrooms, a full bath, a sitting area, and another kitchen with access via both interior and exterior stairs. Each unit shines with refinished hardwood floors and remodeled kitchens boasting granite countertops and new appliances. The property also includes a fully detached mother-in-law or guest suite with its own kitchen, bedroom, and bath, plus a brand-new tiny home featuring a full bath and kitchen! Whether you're looking for an instant cash-flowing investment or the perfect setup for a family compound, this versatile property is a rare find. Don’t miss your chance to own this turnkey cash cow! Sold fully furnished! ***Buyer and/or Buyer's agent to verify all features, dimensions, acreage, updates, etc. to their satisfaction.***

Details

Property type

Townhouse

Est. home value

$469,031

Lot size

0.24 acres

Price per sq ft

$263

Year built

1911

HOA

No

Price History

09/20/2024
Pensacola

Pensacola #652717

Listed
$750,000
+206.12%
11/07/2016
Pensacola

Pensacola #499423

Sold
$245,000

Schools & Community

Neighborhood: 

St. John Coalition

Elementary school: 

Global Learning Academy

Middle school: 

Workman

High school: 

Pensacola

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Trustmark National Bank

Loan start date

August 2021

Original loan amount

$153,781

Est. remaining balance

Not provided

Interest rate

2.9%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Tm5 Properties Inc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 6:25 AM

Listing updated: 10/07/2024 at 1:58 PM

Listed by: Troy Alsaker, MARK DOWNEY & ASSOCIATES, INC. Phone #: (850) 456-6616

MLS: Pensacola #652717

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