FOXRUN- 1335 Foxborough Quadplex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30847861
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 4,224 SF
Gross Land Area: 0.41 Acres
Sale Price: $585,000
Unit Price: $146,250 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 4,224 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 8/14/2023

Overview / Comments

INVESTOR ALERT! Income producing quadplex located in the desirable neighborhood of Fox Run off 9 Mile Rd. in Pensacola, FL. This property is centrally located near The University of West Florida, Navy Federal Headquarters, and walking distance to Scenic Hills Country Club and Golf Course. This property is a perfect way to start or add to your rental portfolio as 3 units in this quadplex are currently occupied and will have cash flow immediately. This leaves 1 move in the ready unit available should you choose to HOUSE HACK! Live in one unit while tenants create revenue to pay your mortgage. The average rent of the 3 leased properties is over $1,000.00/month per unit with potential for increases to reach market value rent closer to $1400/month. Each townhouse is two stories with 2 bedrooms and 1.5 bathrooms. The units are approximately 1,050 square feet and have a great floor plan featuring an open living room with a half bath downstairs. Fully equipped kitchen furnished with a stove, oven, dishwasher, and refrigerator. Sliding glass doors in the living room leads to your private fenced in courtyard. There are 2 large bedrooms upstairs with a Jack and Jill style bathroom. Washer and dryer hookups in the home. Each unit has its own driveway to accommodate residents. New roof put on in 2019. Units in this subdivision have sold for $175-180k per unit recently. These properties are well maintained and have been professionally managed. Don't miss out on this exceptional opportunity to own a quadplex in Pensacola, FL. The combination of its prime location, well-designed units, and income potential make it an enticing prospect for both seasoned investors and those seeking to enter the real estate market. Act now and secure your future in the thriving Pensacola real estate scene!

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: County MSTU
Tax ID/APN: 061S302001050002
Zoning: MDR
Percent Occupied: 75%
Property Located Between: Scenic Hills Country Club, Fox Run Rd
Highway Access: 9 Mile Rd. Short distance to Hwy 29 and Davis Hwy
Airports: Pensacola International Airport
Site Description: Foxborough Subdivision tucked away between Scenic Hills Country Club and the busy 9 Mile Rd corridor. Nice area to walk
Area Description: Foxborough Subdivision tucked away between Scenic Hills Country Club and the busy 9 Mile Rd corridor. Close proximity to shopping, dining, banking, medical facilities and many businesses. Short distance to Davis Hwy with access to Interstate 10 and within a couple miles of the University of West Florida campus
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1984
Roof Type: Hip
Construction/Siding: Brick/Vinyl Siding
Exterior Description: 2 Story Brick/Vinyl siding. 4 townhomes side by side. End units have fireplaces. All units have open patios and fenced back yards.
Parking Ratio: 2 (per 1000 SF)
Parking Type: Surface
Parking Description: each unit is assigned 2 parking spots, guest parking available
Total Parking Spaces: 8
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity, Hot Water
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Each unit has the kitchen, combo living/dining, laundry closet and 1/2 bath on 1st floor. 2nd floor has 2 bedrooms and 1 full bath.
Zoning Description: Multifamily, dense residential
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Escambia County Property Appraiser 061S302001050002 - Full Legal Description LT 5 BLK B FOXBOROUGH PB 12 P 34 BEING A PART OF LTS 11 AND 12 BLK 1 NATIONAL LAND SALES PLAT DB 89 P 274 OR 8532 P 365

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,135 46,270 107,773
Median Age: 41.71 36.88 38.18
Households: 3,319 18,796 43,111


Photograph of Listing Agent

Ranae Stewart, CCIM

Exit Realty N.F.I. Gulf Coast CMLS Member
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