$600,000 - 700 W Moreno St, Pensacola

Located just off of A St. on W Moreno, directly across from a large home that takes up an entire block, this is a large corner lot with 2 Homes, a garage and an exterior shop on .47 of an acre. There are numerous opportunities for the investors, landlords and property flippers! The family built the main home in 1937 (effective year of 1970), which has a detached concrete-block garage and another concrete-block shop at 392 square feet (envision a home office space, a private workout area, man cave or as another ADU!). The possibilities are countless! While the homes need imagination, hard work and capital thrown their way, at 2524 square feet in the main house, this could be the next North Hill Preservation transformation that lands all eyes on you. The main home has hardwood floors, a half bath close to the kitchen/living area, a primary bedroom on the main floor with an en suite, 3 additional bedrooms upstairs and an additional bathroom. The guest house at 708 Moreno was originally built in 1923 and still has the original tongue & groove ceilings and walls. It is 816 square feet with 2 bedrooms and a spacious garage. It will certainly require effort, but there’s no lack of space or imagination... the potential income is a great bonus too! Furthermore, this is a one-of-a-kind property! Presently the air conditioner is not working in the main house and the roof needs replacement. Property 708 Moreno needs more labor to get it on its feet but could be a great source of rental income once updated. It does have a 3 year old roof and gas heat but there is no A/C. Get your plans ready and make this your next masterpiece!