$199,000 - 4040 Wilkes St, Pace

Endless possibilities await with this unique property featuring a main home and detached ADU tucked away on a private cul-de-sac in the heart of Pace! Conveniently located with easy access to Highway 90, Milton, and Pensacola, this R1M-zoned property sits on a spacious .35-acre lot and offers incredible flexibility for homeowners and investors alike. The main house features 2 bedrooms, 2 full baths, a large kitchen, dedicated laundry room, and low-maintenance tile flooring throughout. Originally built in 1925, the home has been updated with a new roof, central air conditioning, and has an effective age of 1970. The side two-car carport provides covered parking for one or both units with sidewalks connecting both. The detached 1-bedroom, 1-bath apartment, built in 1970, offers its own private driveway, private entrance, and low-maintenance tile flooring, making it ideal for rental income, guests, or extended family. The large lot offers plenty of outdoor space and a shed for added storage. Whether you're an investor looking to add a proven income-producing property to your portfolio, a homeowner wanting to offset your mortgage by renting the ADU, or searching for the perfect multi-generational living arrangement, this property checks all the boxes. Both the main home and detached apartment are currently rented on month-to-month leases with long-term tenants, providing immediate income potential while maintaining flexibility for future plans.