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902 W Michigan Ave, Pensacola, FL 32505
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$109,000
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Home Details for 902 W Michigan Ave
Price
$109,000
Type
Single Family
Bedrooms
3
Total Bathrooms
1
Full Bathrooms
1
Year Build
1960
Sq. Ft.
1362
County
Escambia
Tax
$741
MLS®️ Listing#
F10490350
On exitrealty.com
277 days
Property Description
Single Family or Commercial Investment Opportunity
Great value-add opportunity! Currently used as a single-family home, but zoned commercial, making it perfect for conversion.
Property Details:
- Concrete block construction with a metal roof
- 1,862 sqft total rentable area (includes enclosed garage & utility space)
- Needs full interior renovation, possibly new AC
- Est Annual Net Rent: $22,300 ($12/sqft/y NNN)
- Projected Stabilized Value (8% Exit Cap): $278K
Can also be renovated and sold as SF home. Enough space to add a second bathroom.
Large covered porch.
Est. ARV: $210k+
Buyer to verify all info. Sold as is​​‌​​​​‌​‌​​​‌‌​​​‌‌‌​​‌​​‌‌​​​​ only.
- Cooling Information
- Central Air
- Ceiling Fan(s)
- Wall/Window Unit(s)
- Heating Information
- Central
- Wall Furnace
- Water Features
- Public
- Parking
- Driveway
Listing Courtesy: La Rosa Realty Beaches LLC - 954-526-7318
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
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Market statistics compiled from data from BeachesMLS.
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$109,000
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EXIT REALTY OF NAPLES
4850 Tamiami Trail Suite 301, Naples, FL 34103