Pensacola Investment Property – 3BR / 2BA Townhouse Near Baptist Redevelopment | Strong Cash Flow Potential

Property Overview

This 3-bedroom, 2-bath townhouse offers 1,580 sq ft of living space built in 1973, located just west of downtown Pensacola in a proven rental corridor near W Garden St and Pace Blvd. The property is vacant and ready for a full cosmetic renovation. Structure and layout appear solid, making this an affordable entry point for investors targeting strong cash flow and future appreciation near the ongoing Baptist Hospital redevelopment and Pensacola Bay Center.

With updated finishes, this property can achieve market rents in the $1,600–$1,800/month range. Nearby renovated townhomes and single-family homes in this submarket have been selling between $125K–$140K, depending on proximity to downtown and finish quality.

Investment Highlights

• 3BR / 2BA townhouse | 1,580 sq ft
• Built 1973 – brick construction
• West Pensacola rental corridor near W Garden St & Pace Blvd
• Vacant and ready for full renovation
• Comparable renovated 3/2s rent for $1,600–$1,800/month
• Nearby ARVs $125K–$140K depending on finish level
• Low taxes and no HOA fees
• Quick access to downtown, Baptist Hospital, and Pensacola Bay Center

Rehab Scope Summary

Interior: Full cosmetic renovation – flooring, paint, cabinetry, fixtures, kitchen, and both bathrooms
Systems: Replace HVAC (buyer to assume expired permit #230411663ME); general plumbing/electrical updates as needed
Exterior: Paint, minor siding and trim repairs, pressure wash, and landscaping for curb appeal

Comparable Rentals – West Pensacola

• 1200 N F St Unit B – 3/2 | 1,211 sf | $1,850/mo ($1.53/sf) – 2020 build
• 631 W Jordan St – 3/2 | 1,408 sf | $1,750/mo ($1.24/sf) – Renovated SFR
• 821 W Mallory St – 3/2 | 1,812 sf | $1,500/mo ($0.83/sf) – Average finish
• 2108 W Lakeview Ave – 3/2 | 1,632 sf | $1,300/mo ($0.80/sf) – Older home

Estimated Market Rent (post-reno): $1,600–$1,800/month

ARV Estimate

$125,000 – $140,000 ±
Based on comparable renovated 3/2 rentals and sales within a one-mile radius.

Contact

📞 Call/Text: 321-436-4911
📧 Email: fosteralgier@gmail.com
🌐 Website: FACSold.com