211 Cervantes, Pensacola, FL 32501

Property Description

Buyer can assume a 12 month loan fo $550k at 9% per annum! Unique opportunity for 6-unit (2 bed/2 bath; 12 bedrooms/ 12 bathrooms total) apartment building for a knowledgable investor. IF buyer has funds to acquire property lender may be willing to fund 100% of an Approved rehab budget!!!! 211 W Cervantes Street is situated in Historic North Hill and was originally constructed in 1908 (or earlier). Total square footage is over 6,500 square feet. There is a common area inside where each apartment can be entered and each apartment has porch access. Ample on-site parking. See mls 624717 multi family listing All engineering and planning for this project have been finalized, to include building layout, structural, electrical, plumbing, HVAC, and sprinklers. Building features a new architectural roof and new windows. Rough-in for electrical, HVAC, and sprinklers has been completed. Plumbing rough-in still needs to be completed, as well as the remainder of the project. Original intention was for short-term rentals, but property could work well for any type of rental. Great opportunity to bring your style vision to life as you will get to select all fixtures and finishes. Serious inquiries only. Cash or construction/renovation loan.