Pensacola Duplex for Sale

Multi-Family for Sale
Catylist Listing ID: 30625917
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,002 SF
Gross Building Area: See Agent
Gross Land Area: 0.36 Acres
Sale Price: $250,000
Unit Price: $125,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 7/19/2020

Overview / Comments

Great investment to add to your existing portfolio, or to start the first time home buyer off right. Both sides are currently in year long leases, and are generating $1,900 per month in gross rent. Newly constructed in 2019, enjoy low maintenance expenses and the remainder of a 10 year structural builder's warranty.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia
Tax ID/APN: 181S305201006001
Zoning: COMMERCIAL
Percent Occupied: 100%
Property Located Between: Off Olive Rd, between Davis Hwy and 9th ave.
Highway Access: Less than 5 minutes to I-10 via Davis Hwy.
Airports: Pensacola Regional Airport
Area Description: Growing area with close proximity to area medical centers, industrial park, airport, and many other small businesses and local employment.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 1
Year Built: 2019
Roof Type: Hip
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: Parking Pads
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,640 64,996 136,022
Median Age: 39.25 36.13 38.24
Households: 3,581 26,644 54,137

Contact

Photograph of Listing Agent

Philip Ross

Ross and Co. Gulf Coast CMLS Member
Photograph of Listing Agent

Cory Parker

Ross and Co. Gulf Coast CMLS Member
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