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

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Megan Wurzelbacher

wurzelbachergroup@gmail.com +1(850) 750-2384

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

$ 490,000

Est. payment | -/mo

4 Baths

2,800 SqFt

Save

$ 490,000

Est. payment | -/mo

Save

4 Baths

2,800 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,800 sqft

Price per Sqft $175

MLS Listing ID 672374

Full Baths 4

HOA Y/N Yes

Year Built 1982

Property Sub-Type Quadruplex

Source Pensacola MLS

Property Description

Quadplex unit with income in the range of approx $50,000 annually w/ potential for more - which equals a cap rate of approx 10%!!! * 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 such as: Roof, A/C & Heat, and more! * Redacted Leases will be provided upon request * All units are currently under strict, lawyer-executed leases with each tenant paying a "utility fee" monthly that adds to the profitability of the overall complex * Please see a copy of the map that shows what is being sold ** (NOTE: please verify all features, dimensions, numbers, etc...also note that the Owner owns 2 other 4-plexes adjacent to this - that all share the same parking lot. Meaning, you could own a total of 12 units. There is also a vacant lot adjacent to this quad that could be purchased for $75k. Buyer could build up to 28 units on this lot!).

Location

State FL

County Escambia - Fl

Zoning County,Res Multi

Interior

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 the 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

HOA Fee Include Maintenance Grounds,Water/Sewer

Tax ID 202S314110051006

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

+1(850) 750-2384

wurzelbachergroup@gmail.com

9342 Nichols Lake Rd., Milton , Florida, 32583, USA

668 72nd Ave Pensacola, FL 32506