Homes for sale - 668 72nd Ave, Pensacola, FL 32506

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Angee Kent

angeekent@bringingsmileshome.com +1(850) 943-2566

Listed by Michelle Downey • MARK DOWNEY & ASSOCIATES, INC.

$ 1,650,000

Est. payment | -/mo

12 Baths

9,200 SqFt

Save

$ 1,650,000

Est. payment | -/mo

Save

12 Baths

9,200 SqFt

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

HOA Y/N No

Year Built 1982

Property Sub-Type Other

Source Pensacola MLS

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

Interior Features Bookcases

Heating Central, Fireplace(s)

Cooling Central Air

Flooring Tile, Carpet, Laminate

Fireplace true

Appliance Electric Water Heater, Dishwasher, Refrigerator

Exterior

Parking Features 2 Space/Unit

Pool None

Waterfront Description None

View Y/N No

Roof Type Shingle

Garage No

Building

Lot Description Interior Lot

Faces Start at intersection of N Navy Blvd and Hwy 98 ~ Head West on Hwy 98 ~ Turn Right onto S 72nd Ave ~ Homes are on the Right

Story 1

Water Public

Structure Type Frame

New Construction No

Others

Tax ID 202S314110051006

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(850) 943-2566

angeekent@bringingsmileshome.com

668 72nd Ave Pensacola, FL 32506