Pensacola, FL 32507,729 Lownde
Pensacola, FL 32507,729 Lownde
Pensacola, FL 32507,729 Lownde
Pensacola, FL 32507,729 Lownde
Pensacola, FL 32507,729 Lownde
Pensacola, FL 32507,729 Lownde
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Listed by Scott Fader • Joseph Walter Realty, LLC
Bought with Scott Fader • Joseph Walter Realty, LLC

$515,000

$495,000

4.0%
Est.Price: ?

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Est. payment /mo

14,000 SqFt


SOLD DATE : 09/23/2021

Key Details

Sold Price $515,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 14,000 sqft

Price per Sqft $36

Subdivision Beach Haven

MLS Listing ID 596808

Sold Date 09/23/21

HOA Y/N No

Originating Board Pensacola MLS

Year Built 1965

Property Description

This property sits on a secluded park like setting which tenants are willing to pay extra for with vacancy never being an issue. Each unit is 2/1 with dryer hookups. 2 units have stacked washer/dryer combos that will remain. All utilities are electric. Property has a proven stable rental history and one unit was successful as an AirBnB (approx $3,000/ mo.) with records to show demand. Landlord just did not care for the increased frequency of dealing with short-term rentals. Two units are currently undergoing a kitchen/bath upgrades including, cabinets, granite and island in the kitchen and wall/floor tile and new shower in the baths. Crown molding has been added throughout these two units as well. Numerous other upgrades since purchase to include sod, irrigation, new AC unit (apt 730), new tile throughout 731, tile backsplashes throughout, electronic locks on all doors, solar powered wireless motion activated lights and cameras. Building is constructed of solid concrete floors, ceiling and roof with concrete block exterior walls. Roof is membrane commercial grade. In addition there is tile throughout each apartment meaning maintenance and repairs are minimal. The property is 3/5 minutes to NAS Pensacola/Corry Station respectively. 2 minutes to Walmart and various casual dining spots. 10 minutes to downtown, 5 minute walk to public beach on Bayou Grande, 3 minutes to public boat launch. Adjoining 2.75 acres available.

Location

State FL

County Escambia

Interior

Heating Natural Gas

Exterior

View Y/N No

Roof Type Composition

Building

Lot Description Interior Lot

Faces WEST ON GULF BEACH HWY, LEFT TO MILLS, RIGHT TO GUAPPERA THEN RIGHT TO LOWNDE.

New Construction No

Others

Tax ID 352S311000016150

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