****INVESTOR ALERT**** Fantastic investment opportunity, first home, or anything in between! ** If you understand Cap Rates (a method of quickly determining the quality of an investment property), this East Hill style home with tons of charm and character boasts a Cap Rate of almost .12! **The lease ends 1/31/2020, but it can be viewed now and has been occupied by the same tenant for 11 years and is in very good condition overall (tenant would love to continue to stay or will leave - maybe even earlier) ** It is literally located just outside the front gate of NAS and minutes away from Corry Station or NAVHOSP/VAHOSP. It is also less than 5 minutes from Downtown Pensacola (you can ride a bike downtown) and just 15 minutes to Perdido Key or Pensacola Beach in 20 minutes. Finally, Cordova Mall and the Airport is just 20+ minutes away ** If you love the water, Bayou Grande is a block away and there is a public boat ramp less than 1/2 mile away - perfect for getting the ski or fishing boat in the water after a day at the office! ** Nice homes in good condition are becoming very difficult to find! ******** Please verify all features and dimensions that are important to you.