1224 E Strong St Pensacola, FL 32501

Located in Pensacola, Florida's East Hill neighborhood, this multifamily property presents an investment opportunity. Constructed in 1918 with subsequent additions, the property features five apartments and three rentable storage/garage spaces. The R2 zoning allows for multiple uses, including the potential to increase the unit count to eight. The existing garage/shed also offers potential for conversion into additional living space. Situated one block from a Publix and less than two miles from downtown Pensacola, the location is suitable for both short-term and long-term rentals. The five units include one 2-bedroom/2-bathroom unit with a private fenced backyard, one 2-bedroom/1-bathroom unit, two 1-bedroom/1-bathroom units, and one studio with vaulted ceilings. Interior features include original trim and moldings, vintage doors and hardware, heart pine hardwood floors, two clawfoot tubs, high ceilings, and decorative fireplaces. A wrap-around front porch enhances the property's appeal. Each apartment has individual electric meters. Units A-D share a coin-operated laundry, while Unit E has a private laundry. Updates include new roofs (2021) for the main structure and garage, central HVAC systems, and upgraded plumbing and electrical systems. Unit B underwent a complete remodel in 2023. The property, situated on a 0.247-acre lot, provides two parking spaces per unit.