1221 Lake Dr Contingent Save Request In-Person Tour Request Virtual Tour
Cantonment,FL 32533
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Contingent
Purchase Type For Sale
Square Footage 1,404 sqft
Price per Sqft $124
MLS Listing ID 668562
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1971
Lot Dimensions 118x155
Property Sub-Type Duplex
Source Pensacola MLS
Property Description
This income-producing brick duplex in Cantonment, FL sits on nearly half an acre and brings in $1,995 per month in rental income. Each side features 2 bedrooms, 1 full bathroom, a spacious living area, a functional kitchen, a utility room, and a large covered back patio. The property backs up to trees, providing excellent privacy for tenants. Both units are currently tenant-occupied. Unit #37 (left side) rents for $1,050 per month on a lease through September 30, 2025. Unit #38 (right side) rents for $945 per month on a lease through December 31,2025. Water, sewer, and sanitation are paid by the seller and average approximately $175 per month. The roof was replaced in 2019, and the entire property was rewired with a permit in 2018. Recent updates include three new window A/C units for Unit #37 and a new A/C unit for the master bedroom of Unit #38, all installed in 2023. One of the water heaters was replaced in 2024. Please do not disturb the tenants. With steady income already in place and room to build additional value over time, this property offers a strong long-term investment opportunity. Additional photos and details are available upon request.
Location
State FL
County Escambia - Fl
Zoning Res Multi
Interior
Interior Features Ceiling Fan(s)
Heating Wall/Window Unit(s)
Cooling Wall/Window Unit(s)
Flooring Simulated Wood
Appliance Water Heater,Electric Water Heater,Refrigerator
Exterior
Parking Features 2 Space/Unit
Utilities Available Cable Available
View Y/N No
Roof Type Gable
Garage No
Building
Lot Description Interior Lot
Faces North on Hwy 29 to East on Old Chemstrand Rd, to North on Lake. Duplex on left hand side
Structure Type Brick
New Construction No
Others
Tax ID 131N301001004001