Multi-Family Opportunity

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30532792
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 18 Units
Building Size (RSF): 13,888 SF
Gross Building Area: See Agent
Gross Land Area: 0.71 Acres
Sale Price: $995,000
Unit Price: $55,277.78 Per Unit
Property Use Type: Investment
Building Name: Guidy Lane Apartments
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/9/2020

Overview / Comments

Don't miss UNIQUE MULTIFAMILY OPPORTUNITY! This property is located in emerging Pensacola, Florida and has shown strong rental history. It consists of 18 units spread across five buildings. All units are one bedroom with the average size being 800sf. The average rents for the complex are approximately $625 per month with the area average being closer to $750 per month. Tremendous value add play for any investor/owner looking for a short to medium term hold. The exterior consists of a brick facade and some CAPEX has been made to the roofs. The location caters to a wide array of tenants giving the owner the ability to market it across demographics. Any owner or investor looking to break into the Pensacola Multifamily market should consider this property.

Additional Details

Nearest MSA: Pensacola-Ferry Pass-Brent
County: Escambia
Tax ID/APN: 071S301018003001
Zoning: MDR

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,628 49,086 112,843
Median Age: 40.28 37.79 38.08
Households: 2,606 19,673 44,984

Contact

Photograph of Listing Agent

Stacy Taylor, CCIM

Beck Partners CRE Gulf Coast CMLS Member
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