Concrete Block Flip or Rent For Sale

🏡 Investor Special – Big Lot, Solid Block, Great Potential!

We are selling our equitable interest in:

📍 3550 Raines St, Pensacola, FL 32514

🏠 Property Description

Here’s a solid mid-century concrete block home sitting on a half-acre lot in a great north Pensacola neighborhood. Built in 1957, this one has good bones and tons of upside for a savvy investor.

The home is 1,678 sqft, currently occupied, and will need a new roof, electrical update, HVAC, and water heater, along with some cosmetic updating to bring it to full market value.

Perfect candidate for a fix-and-flip, rental, or BRRRR strategy. Big lot offers room to expand or add value.

💰 Investment Highlights

✅ 1,678 sqft concrete block construction
✅ Half-acre lot with plenty of space
✅ Built in 1957 – solid structure, classic layout
✅ Needs roof, HVAC, electrical, and cosmetics
✅ Great rental area – convenient to UWF, I-10, and shopping Rentometer says $1700-1900/mo

🧮 Deal Snapshot

• ARV (Estimated): $260,000 – $275,000*

• Repair Estimate: ~$60,000 – $70,000

• Exit Options: Flip or Hold for Cashflow

*Estimate based on similar updated properties nearby.

📸 Property Photos

Want to lock it up before it hits the wider market?
Reach out today to discuss numbers and next steps.

📞 Greg Baker | 2 Dogs Real Estate
✉️ greg@2dogsre.com | (850) 485-6577