Bought with Scott Fader • Joseph Walter Realty, LLC
$515,000
$495,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
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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