Description
This recently renovated 12-unit apartment building is located just west of Downtown Pensacola and offers investors a turnkey asset with strong in-place income and recent capital improvements. Each unit features a spacious 1-bedroom, 1-bathroom layout with approximately 610 sq. ft. of living space. Interior updates include new flooring, refreshed kitchens with updated cabinets and appliances, and renovated bathrooms, offering a clean and modern rental product for residents. Major exterior improvements include a new roof, new porch railings, and updated stairs, enhancing both curb appeal and long-term durability. The property is conveniently located just 4.4 miles from the NAS Pensacola Main Gate, 2.8 miles from Downtown Pensacola, and approximately 25 minutes from Pensacola Beach. Current effective rents average $1,160 per unit, including a $75 monthly utility fee that covers water, sewer, and trash. Electricity and internet are paid directly by residents. With strong in-place income, recent capital improvements, and a convenient location near major employment and lifestyle drivers, this 12-unit asset is a compelling addition to an investor’s portfolio.
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1BEDS
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N/AACRES
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1BATHS
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01/2 BATHS
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610SQFT
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$2,459$/SQFT
School Information
Description
This recently renovated 12-unit apartment building is located just west of Downtown Pensacola and offers investors a turnkey asset with strong in-place income and recent capital improvements. Each unit features a spacious 1-bedroom, 1-bathroom layout with approximately 610 sq. ft. of living space. Interior updates include new flooring, refreshed kitchens with updated cabinets and appliances, and renovated bathrooms, offering a clean and modern rental product for residents. Major exterior improvements include a new roof, new porch railings, and updated stairs, enhancing both curb appeal and long-term durability. The property is conveniently located just 4.4 miles from the NAS Pensacola Main Gate, 2.8 miles from Downtown Pensacola, and approximately 25 minutes from Pensacola Beach. Current effective rents average $1,160 per unit, including a $75 monthly utility fee that covers water, sewer, and trash. Electricity and internet are paid directly by residents. With strong in-place income, recent capital improvements, and a convenient location near major employment and lifestyle drivers, this 12-unit asset is a compelling addition to an investor’s portfolio.
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