Investor alert investor alert…Prime time money making opportunity! This wonderful business opportunity awaits you. With four tenants who are extremely reliable so the ROI will be flowing to you. The sizes and bedrooms vary however the cash flow does not! With these duplexes situated on three large with an approximate size combined of 233‘ x 261‘ there is plenty of room to move around. Other possibilities include adding more units to the area if your heart desires and the county gives their OK. There are 3 separate parcels.
PROPERTY STRICTLY SOLD "AS IS." BUYER TO SATISFY THEMSELVES AS TO THE CONDITION. POTENTIAL PLUS. CURRENT ZONING AS PER ESCAMBIA COUNTY LAND DEVELOPMENT = ZONING DISTRICT: VM-2, FUTURE LAND USE: MU-6. PROPERTY BACKS UP TO RAILROAD TRACKS. 2BR/1BA HOUSE W/ FLORIDA ROOM AND SEPARATE 1BR/BA APARTMENT PLUS A DUPLEX CONSISTING OF 1 BEDROOM/1BATH EACH SIDE. 3 UNITS HAVE SHOWER ONLY IN BATH. 4 RENTAL UNITS. TOTAL SQUARE FOOTAGE FROM COUNTY APPRAISER. UNITS HEATED BY SPACE HEATERS. SOME UNITS INCLUDE UTILITIES SOME DO NOT.
Year
Property tax
Land + Additions
Assessment*
2025
$1,217 (+29.1%)
2024
$943 (+10.8%)
2023
$851 (+6.6%)
2022
$798 (+6.8%)
$8,170 + $32,702
$40,872
2021
$747 (+3.8%)
$8,170 + $27,700
$35,870
2020
$720 (+4.5%)
$8,170 + $26,288
$34,458
2019
$689 (+1.0%)
$8,170 + $26,288
$34,458
2018
$682 (+3.5%)
$8,170 + $23,743
$31,913
2017
$659 (+1.3%)
$8,170 + $20,351
$28,521
2016
$651 (+23.5%)
$8,170 + $19,323
$27,493
2014
$527
Tax history for 1965 Old Chemstrand Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,217 (+29.1%)
2024
$943 (+10.8%)
2023
$851 (+6.6%)
2022
$798 (+6.8%)
$8,170 + $32,702
$40,872
2021
$747 (+3.8%)
$8,170 + $27,700
$35,870
2020
$720 (+4.5%)
$8,170 + $26,288
$34,458
2019
$689 (+1.0%)
$8,170 + $26,288
$34,458
2018
$682 (+3.5%)
$8,170 + $23,743
$31,913
2017
$659 (+1.3%)
$8,170 + $20,351
$28,521
2016
$651 (+23.5%)
$8,170 + $19,323
$27,493
2014
$527
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.44 Acres
Year renovated
1955
Sq. Ft.
896
Year built
1955
Style
Other
County
Escambia County
APN
131N303900000004
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
LDMU
Low Density Mixed-Use District
The low density mixed-use (LDMU) district establishes appropriate areas and land use regulations for a complementary mix of low density residential uses and compatible nonresidential uses within mostly suburban areas. The primary intent of the district is to provide for a mix of neighborhood-scale retail sales, services and professional offices with greater dwelling unit density and diversity than the low density residential district. Additionally, the LDMU district is intended to rely on a pattern of well-connected streets and provide for the separation of suburban uses from more dense and intense urban uses. Residential uses within the district include most forms of single-family, two-family and multifamily dwellings.
Permitted uses
Include but are not limited to:
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Infrastructure
Bed & breakfast
Office
Educational/school
Veterinary clinic
Park & open space
May 19, 2022 • Final
Install house panel
Install a new electrical service and house panel for an outdoor entertainment area.
Electrical
May 20, 2016 • Active
Residential
Perform a commercial reroofing project on a building.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Exterior
Exterior Features
Allows Horses: No
Roof: Composition
Lot Information
Lot Size Units: Acres
Lot Features: Central Access
Property Information
Property Condition: Resale
New Construction: No
Building Information
Building Area Total: 2,550
Building Area Units: Square Feet
Construction Materials: Block
Financial
Tax Information
Tax Legal Description: Lt 3, 4, & 5 Howard S/D Pb 3 P 32 Or 4959 P 904
Utilities
Utility Information
Electric: Copper Wiring
Heating & Cooling
Has Heating
Heating: Floor Furnace
Location
Location Details
Directions: CHEMSTRAND ROAD TO END - LEFT ON OLD CHEMSTRAND TOPROPERTY ON LEFT OR HWY 29 NORTH TO RIGHT ON OLD CHEMSTRAND TO PROPERTY ON RIGHT.
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 896
Stories: 1.0
Lot Size: 0.44 acres
Style: Other
Year Built: 1955
Year Renovated: 1955
County: Escambia County
APN: 131N303900000004
Home facts updated by county records on Jul 27, 2026
Around this home
Schools
R. C. Lipscomb Elementary School
Public PreK-5 • Assigned • 2.0mi
6/10
Ransom Middle School
Public 6-8 • Assigned • 3.6mi
6/10
J. M. Tate Senior High School
Public 9-12 • Assigned • 1.0mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 105° expected this year, 23 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Cantonment, FL • 32533
Average low and high temperatures (°F)
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87
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60
73
54
64
44
Jan
Feb
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Apr
May
Jun
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$219,000 – $265,000
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