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: 4/12/2024

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

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

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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

Contact

Photograph of Listing Agent

Joseph J. Leccese

Coldwell Banker Commercial Realty Gulf Coast CMLS Member
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