4 Unit Rental-East Hill

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30531743
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 3,017 SF
Gross Building Area: 3,257 SF
Gross Land Area: 0.21 Acres
Sale Price: $499,000
Unit Price: $124,750 Per Unit
Property Use Type: Investment
Building Name: 1400 E Jackson Street
Usable Size (USF): 3,017 SF
Sale Terms: Cash to Seller
Cap Rate: 6.85%
Average Occupancy Rate: 100
Last Updated: 12/3/2019

Overview / Comments

EVERYTHING has be replaced....Like New! Rare find....Super location!

See attached rent roll:
1400 E Jackson-1,193 SF2 BR/2B-
1402 E Jackson-280 SF-1 BR/1B-
600 N. 14th Ave-560 SF-1 BR/1B-
602 N. 14th Ave-800 SF-1 BR/1B-

See photos....remarkable!.....

Common Laundry Room / There is a well and irrigation sprinkler system.

Owner has been leasing below market and currently the 3 tenants that are there are (intentionally) on Month to Month leases giving the Buyer the ability to manage as they please.

Being sold 'As-Is'.....you'd be hard pressed to find anything in need of repair!

Attachments & Media

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: City of Pensacola
Tax ID/APN: 00-0S-00-9025-019-090
Zoning: R-1AA
Percent Occupied: 75%
Property Located Between: 2 Blocks south of Cervantes-NE Corner Jackson and 14th Ave
Highway Access: 2 Blks south of Hwy 90 (Cervantes)
Airports: Pensacola International
Site Description: Corner lot-Home with 2 apartments and 2 apartments in garage (up & down)
Area Description: Super-High-End East Hill!!!
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Year Built: 1946
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Brick, Wood Frame
Exterior Description: Typical older brick home-Good condition
Parking Ratio: 1.6 (per 1000 SF)
Parking Type: Surface
Parking Description: Driveway / Street
Total Parking Spaces: 5
Laundry: Shared
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Very nice.....see photos
Zoning Description: R-1AA
Lot Frontage: 70
Lot Depth: 132.5
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: In File

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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

Gary Watson, CCIM

EXIT Realty NFI-Commercial Gulf Coast CMLS Member
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