Florida
Pensacola
106 and 108 Cherokee Trl

$214,990

106 and 108 Cherokee Trl, Pensacola, FL 32506

1,352 sqft

Duplex
Built in 1953
—— sqft lot
—— car garage
$159/sqft
Listed 5 months ago

Property Description

***Income-Producing Triplex – Duplex with Detached Efficiency Unit*** This three-unit investment property offers immediate cash flow and strong long-term potential. The property includes a duplex and a detached efficiency unit on the same lot, providing multiple income streams. The duplex is currently rented for $1,620 per month on annual leases, with room to increase rents. The efficiency unit offers additional income potential, with market rents estimated at over $500 per month. Recent updates include a newer roof, just three years old, reducing capital expenditures for the foreseeable future. The duplex has also been rewired, adding to the property's reliability and value. Professionally managed with quality tenants already in place, this is a true turnkey investment with minimal hands-on involvement. The strong rental history and the ability to optimize rental rates make this an excellent opportunity for investors looking to maximize cash flow. Schedule a showing today.

Listing Status:: Active
Date Added:: February 14, 2025 at 06:00AM
Listing Office:: Levin Rinke Realty : 850-916-5050
Listing Agent:: Caleb Drake : 812-243-2419
MLS ID:: 659179

Heating: Central

This listing courtesy of Caleb Drake, Levin Rinke Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Sherwood Elementary School

501 Cherokee Trl, Pensacola, FL, 32506

Grades PK-5

0.59 miles away

Bellview Middle School

6201 Mobile Hwy, Pensacola, FL, 32526

Grades 6-8

2.38 miles away

Escambia High School

1310 N 65th Ave, Pensacola, FL, 32506

Grades 9-12

1.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.