2 Triplexes

Multi-Family for Sale
Catylist Listing ID: 30872399
Number of Units: 6 Units
Building Size (RSF): 640 SF
Gross Building Area: See Agent
Sale Price: $625,000
Unit Price: $104,166.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/23/2024

Overview / Comments

PRICE REDUCED!! INVESTOR SPECIAL!! TWO TRIPLEXES - SIX 1BR/1BA UNITS!! This sale includes property addresses 481 & 485 N. Fairfield Dr (two parcels with one triplex on each parcel) formerly 597 N. Fairfield Dr. NEW ROOF 2019 on both triplexes. TRIPLEX at 481 N. Fairfield Dr has units A, B & C: UNIT A was renovated 2023, HVAC - 2019, currently rented for $1000; UNIT B is not renovated and is currently rented for $700; UNIT C renovation was completed April 2024, and includes NEW Appliances and Water Heater, HVAC - 2019, and is now rented for $1100 as of May 1, 2024. TRIPLEX at 485 N. Fairfield Dr. has units D, E & F: UNIT D is not renovated and is currently rented for $549 by long term tenant; UNIT E renovation was completed April 2024, and includes NEW Appliances and Water Heater, HVAC - 2019, and is being marketed for rent for $1100; UNIT F renovation was completed April 2024, and includes NEW Appliances and Water Heater, HVAC - 2019, and is being marketed for rent for $1100 Both Triplexes share a Water Meter and Lift Station-NEW in 2020. Owner pays for Water/Sewer, Garbage/dumpster and lawn maintenance. The pictures are of a renovated unit, the other renovated units are finished similarly.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County
Tax ID/APN: 192S311102017001
Zoning: HDMU
Property Located Between: Lillian Hwy and Highway 98
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1983
Roof Type: Gable
Parking Type: Surface
Parking Description: 1 Space/Unit
Total Parking Spaces: 6
Heat Type: Electricity
Heat Source: Central
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: 481 N. Fairfield Dr: BEG AT NE COR OF SEC N 88 DEG 41 MIN 05 SEC W 50 FT TO A PT ON W R/W LI OF FAIRFIELD DR (SR 289-A 100 FT R/W) S 1 DEG 18 MIN 55 SEC W ALG W R/W LI 430 02/100 FT TO POB CONT S 1 DEG 18 MIN 55 SEC W 63 02/100 FT N 88 DEG 42 MIN 20 SEC W 128 53/100 FT N 1 DEG 18 MIN 55 SEC E 63 02/100 FT S 88 DEG 42 MIN 20 SEC E 128 53/100 FT TO POB OR 8140 P 1665 ---------------------485 N. Fairfield Dr.: BEG AT NE COR OF SEC N 88 DEG 41 MIN 05 SEC W 50 FT TO A PT ON W R/W LI OF FAIRFIELD DR (SR 289-A 100 FT R/W) S 1 DEG 18 MIN 55 SEC W ALG W R/W 365 02/100 FT TO POB CONT S 01 DEG 18 MIN 55 SEC W 65 FT N 88 DEG 42 MIN 20 SEC W 128 53/100 FT N 1 DEG 18 MIN 55 SEC E 32 51/100 FT N 56 DEG 34 MIN 58 SEC E 57 06/100 FT S 88 DEG 42 MIN 20 SEC E 81 64/100 FT TO POB OR 8140 P 1665

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,081 57,871 121,842
Median Age: 41.37 36.79 35.41
Households: 3,356 22,579 44,541

Contact

Photograph of Listing Agent

Pete Morgan

Service Matters Realty, Inc.
Gulf Coast CMLS Member
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