305 S Valencia St Welcome to this charming and unique investment opportunity in Pensacola. This historic home, built in 1931, offers not only a main residence but also a detached fully furnished garage apartment that has been renovated. Both units are currently leased. The possibilities are endless with this property - live in one and rent out the other, use the apartment as a guest suite or Airbnb rental, or convert it into an office space or studio. The main home rents for $1850 (lease ends 4/30/25) and garage apartment $1050 (lease ends 6/30/25). Located near Bayou Grand and the Navy Point Boat Launch, outdoor enthusiasts will love the easy access to water activities and beautiful views. The main home boasts classic architectural details while still offering modern amenities for comfortable living. You will find original hardwood flooring in common areas and bedrooms. Living room has a beautiful wood ceiling which adds character to the space. The spacious kitchen features a gas cooktop, double wall oven, dishwasher, large single bowl sink and plenty of storage space and pantry space. Newer appliances and water heater is 3 years old. Just outside of the main home you will find a detached storage building/workshop & double garage that fronts Chattman Street. The garage apartment has one bedroom, one bath, living room, kitchen and includes furnishings. With its prime location and potential for income generation, this property is truly a gem in Pensacola. Home is being sold As-Is and does include transferable termite bond. Don't miss out on this incredible opportunity.