Multi-Family Lot (HDMU & MDR)

Multi-Family for Sale
Catylist Listing ID: 30873503
Property Subtypes: Duplex/Fourplex, Mixed Use, Mobile Home Park, Other
Building Status: Proposed
Number of Units: 2 Units
Building Size (RSF): 1,352 SF
Gross Land Area: 1 Acre
Sale Price: $285,000
Unit Price: $142,500 Per Unit
Property Use Type: Investment
Usable Size (USF): 1,352 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 7/9/2024

Overview / Comments

This mildly updated 1950s home features a newer roof with small updates and painting throughout. Situated away from the convenient and popular Jackson St., this house sits on a corner 1 acre lot that's zoned for uses as simple as a single-family residence to Medium Density Residential and High Density Mixed Use. (Refer to Escambia County for more details on what can be build on this lot. The combined 438 feet of street frontage provides ample space for multi-family solutions and many areas of entry and exit. The current home that sits on the lot is used as a primary residence and features a cinderblock constructed workshop and two-car carport. The lot is mostly cleared and just adjacent on 61st St. features two 4-plexes on .95 acre close to identical lot.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 352S305301000000
Zoning: MDR/HDMU
Percent Occupied: 100%
Property Located Between: 61st. and Jackson St.
Airports: Pensacola International Airport
Total Number of Buildings: 1
Property Condition: Fair
Number of Stories: 1
Year Built: 1955
Year Renovated: 2021
Roof Type: Arched
Construction/Siding: Block
Exterior Description: 1950s Cinder Block
Parking Type: Surface
Parking Description: Grass/Dirt
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable, Satellite
Zoning Description: MDR/HDMU
Lot Frontage: 174
Lot Depth: 264
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,626 71,768 134,059
Median Age: 40.82 36.16 35.82
Households: 4,516 28,014 49,144


Photograph of Listing Agent

Daniel J Hua

Alliance Real Estate Gulf Coast CMLS Member
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