Fourplex in East Hill Neighborhood

Multi-Family for Sale
Catylist Listing ID: 30868752
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 3,017 SF
Gross Building Area: See Agent
Gross Land Area: 70 - 132 SF
Sale Price: $1,300,000
Unit Price: $325,000 Per Unit
Property Use Type: Investment
Usable Size (USF): 3,017 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 7/23/2024

Overview / Comments

Nestled in the heart of East Hill, just off N 14th Ave, this property showcases two charming duplexes boasting original brickwork and hardwood floors, ideal for investors seeking prime real estate. With a total of four Luxury Executive Rental units, comprising a 2 bed/2 bath currently renting month to month for $3200/mth, a 2 bed/1 bath, and two 1 bed/1 bath units, versatility meets opportunity. Each unit is fully furnished with high-end furnishing, turnkey, and currently utilized as short-term rentals, presenting a lucrative potential gross income of $118k annually. Residents benefit from an outdoor entertaining space, community laundry room, and the convenience of all utilities covered by the owner. Strategically located in the vibrant East Hill neighborhood, mere miles from Downtown Pensacola, Publix, diverse dining options, craft breweries, the iconic Three Mile Bridge, and the sandy shores of Pensacola Beach, this property epitomizes convenience and accessibility. With its blend of historic charm and modern amenities, coupled with its income-producing potential, this fourplex is a standout investment opportunity in Pensacola's desirable East Hill district. Don't miss your chance to own a piece of this prime real estate market.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia
Tax ID/APN: 000S009025019090
Zoning: R-1AA
Percent Occupied: 25%
Property Located Between: N 14th Ave and E Jackson St
Highway Access: I-110
Airports: Pensacola International Airport
Site Description: Corner lot
Area Description: East Hill neighborhood
Total Number of Buildings: 4
Property Condition: Good
Number of Stories: 2
Year Built: 1946
Roof Type: Other
Construction/Siding: Brick
Exterior Description: 1946 Brick Buildings
Parking Type: Other
Parking Description: Driveway or street parking
Total Parking Spaces: 2
Laundry: Shared
Sprinklers: None
Heat Type: Electricity
Heat Source: Central, Wall Units
Fuel: Gas, Electric
Air Conditioning: Engineered System, Window Unit
Zoning Description: Single-Family Residential
Lot Frontage: 70
Lot Depth: 132
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: LTS 19 20 BLK 90 NEW CITY TRACT CA 48 OR 8227 P 695

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,856 43,642 120,259
Median Age: 41.14 41.87 38.71
Households: 2,777 18,684 47,440


Photograph of Listing Agent

Travis Talley

Keller Williams Realty Gulf Coast
Gulf Coast CMLS Member
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