5 Unit Home in heart of City of Pensacola

Multi-Family for Sale
5 Unit Home in heart of City of Pensacola
Catylist Listing ID: 30527862
Property Subtypes: Duplex/Fourplex, Student Housing, Other
Number of Units: 5 Units
Building Size (RSF): 1,917 SF
Sale Price: $159,900
Unit Price: $31,980 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Usable Size (USF): 1,917 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/8/2019

Overview / Comments

INVESTOR ALERT! THIS IS A RARE OPPORTUNITY! HOUSE HAS 5 BEDROOMS, 5 BATHS, ALL ARE LEASED SEPARATELY FOR AT LEAST 7 MONTHS, WITH EXPIRATION DATES AT DIFFERENT TIMES. EACH BEDROOM IS EQUIPPED WITH QUEEN BED, CHEST, SMALL REFRIGERATOR, MICRO, TV AND FULL BATH. 1 BEDROOM HAS OUTSIDE ENTRANCE AND KITCHENETTE. ALL SHARE THE ORIGINAL KITCHEN WHICH HAS ALL UTENSILS AND APPLIANCES. LAUNDRY ROOM WITH WASHER AND DRYER IS SHARED BY ALL. HOUSE IS SPLIT LEVEL WITH 3 DIFFERENT LEVELS. FAMILY ROOM WITH FIREPLACE AND APT LOCATED ON LOWER LEVEL, KITCHEN/DINING LOCATED ON WALK IN LEVEL. 4 BEDROOMS ON TOP LEVEL. HOUSE IS COMPLETELY FURNISHED WITH LINENS, TV'S. APPROX. RENTAL INCOME IS $46,800 PER YR. ROOMS RENT FOR $150-$200 PER WEEK. HOUSE IS LOCATED ON CITY BUS ROUTE. OWNER SUPPLIES THE FOLLOWING: WI-FI, CABLE, WATER, SEWER, ELEC., LINENS AND WASHER AND DRYER.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Taxing Authority: Escambia County, FL
Tax ID/APN: 042S302008000010
Zoning: R-1AA
Percent Occupied: 100%
Community Amenities: Outdoor Pool
Property Located Between: 9th Avenue & 12th Avenue off of Fairfield Dr.
Highway Access: Interstate I-110
Airports: Pensacola Municipal Airport
Site Description: Single family home converted to multi tenant rentals of 5 efficiency rooms
Area Description: Quiet neighborhood in the heart of Pensacola city limits centrally located area, convenient to shopping malls, hospitals, dining and interstate access.
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 3
Year Built: 1970
Roof Type: Gable
Construction/Siding: Wood Frame
Parking Type: Surface, Other
Parking Description: street parking
Laundry: Shared
Heat Type: Propane
Heat Source: Central
Fuel: Gas
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Zoned City R-1AA, i.e., Medium Density land use district
Lot Frontage: 92.82'
Lot Depth: 111'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: LT 1 LESS OR 2515 P 812 BARTEE THORNTON PLACE PB 5 P 35 OR 6653 P 512

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,221 73,655 151,606
Median Age: 41.25 38.55 37.84
Households: 3,617 29,694 62,183

Contact

Photograph of Listing Agent

Walter K. Pierce

Levin & Rinke Realty Gulf Coast CMLS Member
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