Catylist ID:
#30844820
Caughey Arms Townhome Apartments
Multi-Family
for Sale
| Catylist Listing ID: | 30844820 |
| Property Subtypes: | Low-Rise/Garden |
| Number of Units: | 12 Units |
| Building Size (RSF): | 16,956 SF |
| Gross Land Area: | 0.60 Acres |
| Sale Price: | $1,650,000 |
| Unit Price: | $137,500 Per Unit |
| Property Use Type: | Investment |
| Building Name: | Caughey Arms Townhome Apartments |
| Usable Size (USF): | 15,466 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 10.0% |
| Average Occupancy Rate: | 80 |
| Last Updated: | 7/22/2024 |
Overview / Comments
|
Renewed, renovated, improved large 12 two story spacious townhomes in the Englewood Neighborhood near the Baptist Healthcare Campus that has plans to revamp the old campus into a mixed-use development incorporating multi- and single-family homes, a park, redesigned street connections and spaces for restaurants, retailers and social services. Less than 3 miles from downtown Pensacola, 20 minutes from Naval Air Station (NAS) Pensacola and Pensacola Beach. Approximate Gross Monthly Rent $16,600 All utilities (electricity, water, sewer, trash, cable) responsibility of tenants. 2022 Property Taxes $3,776.64 |
Attachments & Media
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Escambia |
| Taxing Authority: | Escambia County Florida |
| Tax ID/APN: | 172S301700000003-14 |
| Zoning: | HIGH DENSITY RESIDENTIAL (HDR) ESCAMBIA COUNTY FLORIDA SEC. 3-2.8 |
| Percent Occupied: | 100% |
| Property Located Between: | North H and J Streets |
| Highway Access: | I-10, I-110, Hwy 90 |
| Airports: | Pensacola International Airport (PNS), Naval Air Station Pensacola (NAS) |
| Area Description: | Englewood Neighborhood, near Baptist Healthcare and Jordan Street Post Office |
| Total Number of Buildings: | 2 |
| Property Condition: | Average |
| Number of Stories: | 2 |
| Year Built: | 1974 |
| Year Renovated: | 2023 |
| Roof Type: | Gable |
| Construction/Siding: | Brick/Vinyl Siding, Wood Frame |
| Exterior Description: | New roofs, decking, siding, insulation, paint, exterior doors and windows replaced where needed. |
| Parking Type: | Surface |
| Parking Description: | Each townhome apartment has two (2) off street parking spaces in front. |
| Laundry: | In Each Unit |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Central, Other |
| Fuel: | Electric |
| Air Conditioning: | Engineered System, Package Unit, Window Unit, Other |
| Internet Access: | Cable |
| Interior Description: | 3 bedroom, 1.5 baths two story townhome apartments, majority of renovations completed with some still in progress. |
| Zoning Description: | High Density Residential Sec. 3-2.8 Escambia County Florida |
| Lot Frontage: | 300 |
| Lot Depth: | 102 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | LT 3 CAUGHEY ARMS PB 8 P 64 OR 8693 P 572, LT 5 CAUGHEY ARMS PB 8 P 64 OR 8693 P 572, LT 6 CAUGHEY ARMS PB 8 P 64 OR 8693 P 572, LT 7 CAUGHEY ARMS PB 8 P 64 OR 8693 P 572, LT 8 CAUGHEY ARMS PB 8 P 64 OR 8693 P 572, LT 9 CAUGHEY ARMS PB 8 P 64 OR 8693 P 572, LT 10 CAUGHEY ARMS PB 8 P 64 OR 8693 P 572, LT 11 CAUGHEY ARMS PB 8 P 64 OR 8693 P 572, LT 12 CAUGHEY ARMS PB 8 P 64 OR 8693 P 572, LT 13 CAUGHEY ARMS PB 8 P 64 OR 8693 P 572, LT 14 CAUGHEY ARMS PB 8 P 64 OR 8693 P 572 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,387 | 76,212 | 152,245 |
| Median Age: | 41.22 | 37.33 | 38.59 |
| Households: | 3,244 | 29,754 | 61,878 |
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