Quiet neighborhood.  Marina and playground only three blocks away.  Completely re-done inside! New bathroom shower and sink. New tile on bathroom, kitchen, and dining room floors. New under sink cabinets. New light fixtures. New garage door.  CH&A only six years old. Structure built solid in 1948 out of very hard pine wood.  A very well built home and easily passed a four-point professional home inspection July 2009.  Beautiful oak wood floors freshly sanded down and stained  with several coats of clear satin finish in the living room, hall, and bedrooms.  Floors look like a mirror!  New bathroom plumbing and recent hook-up to county sewer system.  Has a large, fenced yard with fresh centipede sod planted in the front and back yard.     This home is a great investment.  Average $700.00 a year in property taxes.  Homeowners insurance only $725.00 a year.  Ten minutes from Pensacola Beach. Five minutes from Navy Air Station, shopping and dozens of great dining facilities.  Easy living.  A bargain at this price.  A great starter home.  Neighbor kids enjoy the nearby school.   You won't get $8,000 but you will get $4,700.00 back from the IRS!!! Owner will finance sales price of $44,000.00 at an annual interest rate.  Easy terms.  $1000.00 damage deposit plus $500.00 first months rent and some proof of income/rental history will get you in.  Thereafter, only $500.00 a month (plus an average of $150.00 a month sent to an escrow account to cover annual property taxes and homeowners insurance)  for the remaining amortized months and the property is yours!    Another option is a  simple one, owner pays annual property taxes and homeowners insurance.  Buyer pays rent to own amount of $600.00 monthly and for any home repairs. Forty percent of all rent money paid to owner is deducted from the sales price of the home.  Buyer needs only a down payment of $5000.00.