668 72nd Ave new Save Request In-Person Tour Request Virtual Tour
Pensacola,FL 32506
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,200 sqft
Price per Sqft $179
MLS Listing ID 667452
Full Baths 12
Year Built 1982
Property Sub-Type Other
Property Description
MORE PICTURES COMING SOON!! 3 Quadraplex Units (12 total units) with income in the range of $180,000 annually w/ potential for more * Most units have been updated with some having major updates or modifications to make them more desirable and modern, not to mention many new features like roofs, a/c units, etc. * We have a pdf attached to this listing that details the rent being collected on each unit...leases will be provided upon an offer being made * All units are currently under strict, lawyer-executed leases with each tenant paying a "utility fee" monthly that adds to the overall profitability of the overall complex * Please see a copy of the map that shows what is owned - but essentially you will own 3/4 of the cul-de-sac, including the private parking lot which has been recently completely paved and is in excellent condition. * There is an additional vacant lot in the complex that is owned by the Listing Broker and can be purchased separately, or part of the transaction, should the buyer so choose to purchase - the zoning can easily be changed to allow the Buyer to build up to a 10 story building with approx 40 units total! Or simply build a 2-3 story building with another 8-12 units. The addtl lot can be purchased for $75k. *** 2 of the quads (8 units) have 1 BR / 1 BA units with 1 quad (4 units) having 2 BR / 1 BA units. * The 1 BR units rent for almost as much as the 2 BR meaning one can probably raise the rents on the 2 BR units.
Location
State FL
County Escambia - Fl
Zoning County,Res Multi
Interior
Heating Central,Fireplace(s)
Cooling Central Air
Flooring Tile,Carpet,Laminate
Exterior
Parking Features 2 Space/Unit
Pool None
Waterfront Description None
View Y/N No
Roof Type Shingle
Building
Lot Description Interior Lot
Story 1
Water Public
Structure Type Frame
New Construction No