Investor's Dream

Multi-Family for Sale
Catylist Listing ID: 30339663
Property Subtypes: Duplex/Fourplex, Mixed Use
Number of Units: 7 Units
Building Size (RSF): 5,918 SF
Gross Building Area: See Agent
Sale Price: $510,000
Unit Price: $72,857.14 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 13.0%
Last Updated: 12/6/2018

Overview / Comments

In a Prime Pensacola location, this property would be an excellent addition to an investors portfolio. The front building features commercial space with 3 individual spaces. At the rear of the property you will find 4 Residential units. Each unit is 900 sqft, updated, with 2 bedrooms and 1 bath. Each unit also comes with it's own storage building. Currently, a barber shop and beauty parlor are operating out of the commercial space.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 311S301901121005
Zoning: COM
Percent Occupied: 95%
Total Number of Buildings: 4
Property Condition: Good
Year Built: 1957
Parking Description: 6 parking spaces at the front of store, 5 additional on the left side of the building and 5 on the right side that is shared with church.
Total Parking Spaces: 16

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,120 64,325 144,594
Median Age: 36.23 37.82 38.13
Households: 3,726 27,060 58,682

Contact

Photograph of Listing Agent

Dylan Riley

Levin & Rinke Resort Realty Gulf Coast CMLS Member
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