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19950890
19950889

907 N 57th Ave, Pensacola, FL 32506

WS
FL Florida SL3436763, FL Alabama 000128147 – 0 (+1)
Bay City Realty
MM
FL Florida BK3464565, AL AL 000156985-0 (+1)
Bay City Realty
Bay City Realty
Listed by Bay City Realty
$229,000
952 days on market
Updated 36 days ago

Multi Family Investment in Pensacola!

Details
APN 352S302500150012
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 1,880
Units 2
Occupancy 100%
Price per SqFt $122
Class C
Year Built 1940
Buildings 2
Stories 1
Acreage 0.408
Zoning MDR

Multifamily | 2 Units

Marketing description

Don't miss this fantastic investment opportunity featuring two charming homes on one lot in the desirable Myrtle Grove neighborhood. With a sale price of $229,000, this property offers a single-family rental portfolio with great income potential.

The buildings total 1,880 SF, and are currently rented, providing immediate returns for investors. Additionally, the location is convenient, close to schools, grocery stores, and healthcare facilities.

Recent roof replacements for both homes add to the property's appeal, ensuring low maintenance costs for the new owner. Whether you're looking to expand your rental portfolio or start your real estate investment journey, this multifamily offering in Pensacola is a must-see!

Nearby attractions such as the Naval Aviation Museum and the stunning beaches of Perdido Key. For prospective Multifamily / Single Family Rental Portfolio investors, the diverse range of amenities and the appeal of this growing coastal city make the location an attractive choice.

Two Houses, One Price! Two parcels and two houses. The acreage information reflects the total for both.

907 N 57th Rents for $1,095 Per Month With a Lease Expiration on 29-feb-24. The Current Tenant Has Been There Since 26-sep-20.

909 N 57th Rents for $825 Per Month With a Lease Expiration on 29-feb-24. The Current Tenant Has Been There Since 9-mar-23.


Investment highlights

  • - 1,880 SF building with 1 unit

  • - Built in 1940

  • - Zoned MDR

  • - Located in Pensacola

  • - 100% occupancy

  • - Strong rental history

  • - Ideal for portfolio investment

  • - Income-generating asset

  • - Desirable location

  • - Spacious unit

  • - Proven rental income

Listing Contacts

WS
FL Florida SL3436763, FL Alabama 000128147 – 0 (+1)
Bay City Realty
MM
FL Florida BK3464565, AL AL 000156985-0 (+1)
Bay City Realty
Bay City Realty
Listed by Bay City Realty

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Additional Information

Name
Wendi Summers
License
Florida SL3436763
Brokerage Phone
8507646800
Brokerage Address
226 Palafox Place
Name
Mehdi Moeini, CCIM, CPM, MiCP
License
Florida BK3464565
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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