Triplex-100% Leased-Near University Town Plaza

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30257322
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 3 Units
Building Size (RSF): 3,840 SF
Gross Land Area: 0.42 Acres
Sale Price: $299,500
Unit Price: $99,833.33 Per Unit
Property Use Type: Investment
Building Name: Whitmire Dr Triplex
Usable Size (USF): 3,840 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 4/17/2018

Overview / Comments

Great location neat Davis Hwy and Olive Rd.. Almost new...built 2007. Currently leased at $895, $880, & 940. Each unit has 2 Bedrooms and 2 1/2 baths. (Each BR has a full bath and a half-bath downstairs). Extremely nice property. 2 parking spaces per unit. Each unit has a washer/dryer connection. Each unit has it's own septic tank. There is a fire sprinkler system in place for each unit.

I believe rents could be pushed to $950 per month.

Very convenient to I-10, shopping, restaurants, churches. All of which employ people who would like to live close to work.

Annual income $31,440 (2017) / NOI $16,234 (after 5% vacancy factor, $3,204 management fee)

Something to consider....possible to convert to condo/townhouses and sell individually.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 20-1S-30-2102-090-004
Zoning: HD-MU
Percent Occupied: 100%
Market Type: Medium
Property Located Between: Olive Rd and Atwood Dr
Side of Street: West
Road Type: Paved
Transportation: Highway
Highway Access: One block south of Olive Rd
Airports: Pensacola International
Site Description: Level lot
Area Description: Mostly older but well kept single family homes.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 2007
Roof Type: Gable
Construction/Siding: Aluminum Siding, Brick, Wood Frame
Exterior Description: See photo....Siding with brick
Parking Ratio: 1.6 (per 1000 SF)
Parking Description: Paved lined parking lot
Total Parking Spaces: 6
Laundry: In Each Unit
Sprinklers: Dry
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: See photos....nice typical finish.
Zoning Description: HD-MU Allows Multi-Family
Lot Frontage: 120
Lot Depth: 155
Water Service: Municipal
Sewer Type: Septic
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: Lengthy In File

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,202 61,709 147,894
Median Age: 32.07 35.93 38.33
Households: 2,938 25,036 59,165


Photograph of Listing Agent

Gary Watson, CCIM

EXIT Realty NFI-Commercial Gulf Coast CMLS Member
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