Pensacola Block Home Under 100k

This Pensacola block home has 4 beds, 1.5 baths, central HVAC, slab foundation, carport, and a 7,710 sq. ft. lot in Flood Zone X. Public record shows 1,447 sq. ft., while the property sketch in the photo set shows 1,324 sq. ft. of base living area plus carport, porch, patio, and utility areas. House has a lot of exterior overgrowth, porch/debris cleanup, dated interiors, and personal property throughout. Roof is newer. The property is currently occupied by a squatter, so possession, access, securing, and cleanout are part of the project.  The house was fully renovated in 2020, but we are not sure how much of that renovation is salvageable at this point, due to the squatter.

Repairs Needed (Estimated)

• Possession/access resolution and full cleanout
• Interior rehab throughout
• Kitchen and bath updates
• Flooring, drywall/plaster repairs, paint, trim, fixtures, and doors
• HVAC, electrical, and plumbing review during rehab
• Exterior cleanup, tree/vegetation cutback, porch/carport cleanup, and curb appeal

Comparable Sales

1. 800 Montclair Rd | 4/1 | 1,158-1,175 SF | Sold Mar 12, 2026 | $170,000 | 0.44 mi – Useful comp. It was not just a raw public-record sale; listing copy says freshly painted, new cabinets, butcher block counters, stainless appliances, new vinyl flooring and carpet. Inferior bath count, smaller than subject, but renovated enough to support the high-$100Ks.
2. 4509 Cherbourg Way | 3/1.5 | 1,040-1,144 SF | Sold Apr 23, 2026 | $159,000 | 0.35 mi – Useful lower support. Updated condition: fresh paint, new LVP, new stove, roof replaced 2021, water heater, central heat/air from 2016, smooth ceilings. Smaller than subject and only 3 bedrooms, but similar half-bath setup.
3. 907 Medford Ave | 3/1 | 864-945 SF | Sold Jan 2026 | $155,000 | 0.40 mi – Renovated but too small to anchor subject ARV. Listing says fully remodeled with new wiring, new HVAC, fresh sheetrock, new flooring, renovated kitchen/bath, quartz counters, stainless appliances. Good condition support, but inferior size and bath count.
4. 1016 Fremont Ave | 3/1 | 1,124-1,150 SF | Sold Apr 24/28, 2026 | $175,000 | 0.20 mi – Strong renovated support. Listing says completely renovated, new roof, new gas water heater, HVAC about 4 years old, most windows replaced, new stainless appliances, fixtures, LVP, new cabinets, quartz counters. Still inferior bath count and smaller than subject.
5. 1124 Medford Ave | 3/1 | 1,117 SF | Active Under Contract/List $179,999 | 0.13 mi – Good condition. Freshly renovated, remodeled bath, new kitchen cabinetry/counters/appliances, new roof 2026, HVAC 2026, water heater 2026. Since it is not closed, I would not use it as primary ARV support.
6. 4505 Ellysee Way | 3/2 | 1,279 SF | Sold Feb 23, 2026 | $182,500 | 0.06 mi – Same street, very close, fully renovated, all-new roof/trusses/HVAC/windows/doors/electrical/plumbing/mechanicals, new kitchen, LVP, renovated baths. Smaller than subject, but the best same-street renovated support.

ARV & Rental Analysis

• Estimated likely ARV as a clean renovated 4/1.5: $185,000 to $205,000 +/-
• Estimated likely ARV if improved into a stronger 4/2 presentation: $205,000 to $225,000 +/-
• Estimated Rent: $1,600 to $1,850/month +/-