tomo logo

$700,000

Beds
6
Baths
4.0
sq ft
2,050

65 N Donelson St, Pensacola, FL 32502

65 N Donelson St

Pensacola, FL 32502

  • <1 day on market
VA ASSUMPTION ELIGIBLE: 2.75% RATE * This fully furnished 4-unit Downtown investment property is perfect for house hacking FHA or VA * All 4 units are currently short term rentals (listed on just AirBnB currently) grossing an impressive 4-year average of $97,249 annual rental revenue * Property appraised at $745,000 early 2024 * For the aspiring investor, this is a perfect opportunity to cash flow your housing by living in one unit while renting the others. Either continue renting the other 3 units short term, or place a long term tenant in one (or all) of the units for additional stability. The options are many, and you can’t find a better location for the price * The property is comprised of the following structures: 1) The main house with 3 bedrooms and 1 bathroom 2) A studio apartment boasting a large great room, sky-high ceilings, and a spiral staircase to the loft 3-4) The “carriage house” is an upstairs/downstairs duplex, each 1 bedroom and 1 bath 5) Garage/storage area with 300sqft for overflow * Located just one block north of Garden St, it’s a short walk to Palafox St, the Blue Wahoos Stadium, Bruce Beach, Pensacola Bay Center, and ALL the amenities of Downtown Pensacola! You can't find a property on the market with better potential *** Buyer and Buyer’s Agent to verify all features, dimensions, measurements, etc that may be important to you.

Details

Property type

Lot size

Unknown

Price per sq ft

$342

Year built

1920

Price History

01/14/2025
Pensacola

Pensacola #657520

Listed
$700,000
+55.56%
10/16/2020
Pensacola

Pensacola #575944

Sold
$450,000

Schools & Community

Neighborhood: 

St. John Coalition

Elementary school: 

Global Learning Academy

Middle school: 

Workman

High school: 

Pensacola

Negotiation Insights

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

Seller could get up to

$226,240
Asking price
$700,000
Closing costs (~8% of asking)
-$56,000
Est. remaining loan balance
-$417,760
Cash to seller
$226,240

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

National Bank Of Kansas City

Loan start date

October 2020

Original loan amount

$460,350

Est. remaining balance

$417,760

Interest rate

2.91%

Loan type

VA, 30 year

Seller

Andrew Brazell and Haley Ferguson

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?

Status: Active

Tomo last checked: 01/14/2025 at 12:25 PM

Listing updated: 01/13/2025 at 11:30 PM

Listed by: Michael Warinner, Key Impressions LLC Phone #: (850) 776-4580

MLS: Pensacola #657520

Pensacola logo

Recently listed in Pensacola

$239,900|4 bd|3.0 ba|House
$429,000|2 bd|2.0 ba|House
$349,000|3 bd|2.0 ba|House
$345,000|4 bd|2.0 ba|House
$2,300,000|4 bd|4.5 ba|House
$600,000|5 bd|3.0 ba|House