Pearson Apartment Complex for Sale

Multi-Family for Sale
Catylist Listing ID: 30872948
Property Subtypes: Duplex/Fourplex
Number of Units: 8 Units
Building Size (RSF): 7,696 SF
Gross Building Area: See Agent
Gross Land Area: 0.49 Acres
Sale Price: $1,100,000
Unit Price: $137,500 Per Unit
Property Use Type: Investment
Building Name: Pearson Apartment Complex
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 6/13/2024

Overview / Comments

Property Description on
Great investment opportunity with this multi family sale in the cozy neighborhood of Myrtle Grove in Pensacola, Fl. Well-maintained, 7,696 Total SF, zoned MDR (Medium Density Residential) and has 8 units (2 – fourplexes). Strong rental income potential, add this property to your investment portfolio!

Location Description
Great investment opportunity in the Myrtle Grove neighborhood of Pensacola, Fl. Pearson Road is just off Fairfield Drive which is a very busy thoroughfare through Pensacola. Military bases are close by; 3 miles to Saufley Field, 4.4 miles to Corry Station and 8 Miles to NAS Pensacola. Along with access to restaurants and retail, beautiful Osceola Municipal Golf Course is just 2 miles and the Bayou Marcus Birding Trail just 1.5 miles.

Exterior Description
New roof post Hurricane Sally - 2021 New Siding
Parking lot gravel addition and leveling

Interior Description
Each of the 8 units have 2 bedrooms and 2 bathrooms and are 962 +/- sf. Interior improvements include:
Unit A- New Fridge, New Carpet, new water heater
Unit B- new water heater, new Tile flooring, new HVAC, stove and fridge
Unit C- New Tile Flooring, cabinets, water heater, countertop, fridge, HVAC, vanity Unit D new water heater, vanity
Unit E new carpet, fridge and stove
Unit F- new cabinets, counter tops, fridge, stove, dishwasher, water heater
Unit G- New HVAC, plank flooring, fridge Unit H- New HVAC, plank flooring, vanity

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia Couty
Tax ID/APN: 102S312002002001
Zoning: MDR
Percent Occupied: 1,005%
Highway Access: Hwy 90 2 Miles Interstate i-110 6 Miles
Airports: 8.6 Miles from Pensacola International Airport
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Year Built: 1985
Year Renovated: 2022
Roof Type: Gable
Parking Type: Surface
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: MDR
Lot Frontage: 133
Lot Depth: 150
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Escambia County Property Appraiser 102S312002002001 - Full Legal Description BEG AT A PT ON N LI GOVT LT 3 OF SEC AND 557 15/100 FT E OF ELY R/W LI PATRICIA DR BEING SE COR LT 6 BLK B MYRTLE GROVE WEST UNIT 1 PB 7 P 41 N 0 DEG 30 MIN W ALG ELY LI OF SD S/D 158 29/100 FT S 45 DEG 30 MIN E 40 FT N 89 DEG 30 MIN E 241 71/100 FT N 0 DEG 30 MIN W 110 FT N 89 DEG 30 MIN E 5 FT N 0 DEG 30 MIN W 30 FT TO POB CONT N 0 DEG 30 MIN W 150 FT N 89 DEG 30 MIN E 153 76/100 FT TO WLY LI MYRTLE GROVE W UNIT 3 PB 8 P 11 S ALG SD WLY LI 126 50/100 FT S 89 DEG 30 MIN W 132 66/100 FT S 0 DEG 30 MIN W 23 50/100 FT S 89 DEG 30 MIN W 20 FT TO POB OR 8595 P 402

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,741 63,975 135,217
Median Age: 36.23 35.99 36.57
Households: 3,729 24,332 51,564


Photograph of Listing Agent

Mehdi Moeini

Bay City Realty LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Wendi Summers Sampson

Bay City Realty LLC Gulf Coast CMLS Member
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