350 S J St, Pensacola, FL 32502
$90,000
- 2 bed
- 1 bath
- 760 sqft
- Built 1948
- Escambia County
The Opportunity Seize a deeply discounted entry point into one of Northwest Florida's most resilient real estate markets. This 760 sq ft single-family residence, situated on a 6,751 sq ft lot in Pensacola's established Renz-anna Villa neighborhood, presents a compelling canvas for the experienced investor — whether your play is a quick value-add flip or a long-term cash-flowing rental hold. At an estimated value well below the broader Pensacola market median of $264,000–$315,000, this asset offers a meaningful spread between acquisition cost and stabilized value, with renovation upside priced into the basis. Carrying taxes of just approximately $235/year makes this one of the lowest-overhead holds in the market — a critical advantage for investors stress-testing carry costs during a rehab cycle. The Market | Why Pensacola, Why Now Pensacola is not a speculative bet — it's a structurally sound, demand-driven market anchored by military, healthcare, tourism, and growing logistics infrastructure. Institutional Demand Drivers: The $650 million Baptist Health Care campus, which opened in 2024, brought hundreds of healthcare jobs and has already spurred increased real estate activity in nearby neighborhoods, with rising demand for both homes and furnished rentals. Project Lionheart (Amazon Distribution Center), scheduled to open in 2025, will provide hundreds of jobs and contribute to the area's growing logistics network. The rental market remains strong, supported by the constant influx of military families and NAS Pensacola personnel, as well as students attending the University of West Florida. Population & Migration Tailwinds: The U.S. Census Bureau reports Florida recorded a net gain of more than 64,000 domestic residents from July 2023 to July 2024, with buyers continuing to relocate to the state in large numbers. Florida was recently recognized as the #2 growth state of 2025 by U-Haul, with continued migration keeping home prices elevated. Current Market Conditions — A Buyer's Window: The average home sells for about 4% below list price, with extended days on market compared to prior years — signaling a buyer's market with strong negotiation leverage. Median home prices in Escambia County have held steady around $315,000, with slight year-over-year increases despite national softening. The Pensacola metro area as of 2026 continues to experience a balanced market with homes averaging 45 days on market, driven by sustained demand from remote workers and military families. The Investment Thesis Fix & Flip: With comparable sales in the 32502 ZIP code trading in the $195,000–$299,000+ range for renovated product, a disciplined rehab on this asset creates significant value-add upside relative to a low acquisition basis. The 6,751 sq ft lot and existing 1–2 car garage add practical appeal to end buyers. Buy & Hold / Long-Term Rental: The average rent across Escambia and Santa Rosa Counties sits at approximately $1,723/month. With ultra-low property taxes (~$235/yr) and a military-anchored renter pool that provides consistent occupancy, a stabilized rental hold here offers a durable income stream. NAS Pensacola's BAH (Basic Allowance for Housing) renters represent one of the most reliable tenant profiles in any market. Long-Term Appreciation: Pensacola median sale prices have increased by over 50% since 2020, reflecting the strong long-term demand and limited supply that has characterized the market. Acquiring at today's corrected prices positions investors ahead of the next upswing as rate cuts and stabilizing inventory reignite buyer demand. Bottom Line This is a low-basis, high-upside acquisition in a market with structural demand, institutional investment, and long-term appreciation history. Whether you're executing a flip to capture the spread, or locking in a rental with military-grade tenant stability and minimal tax drag, 350 S J St delivers the fundamentals serious investors look for. Offered as-is. Buyer to perform all due diligence. Priced to move — qualified investors inquire directly. Disclaimer: All market data sourced from publicly available records, MLS data, and published real estate research. Investor should independently verify all information prior to acquisition.
