Pearson Complex
Multifamily Opportunity – Proforma 8% Cap Rate
Marketing description
Property Description
Great investment opportunity with this multifamily sale in the cozy neighborhood of Myrtle
Grove in Pensacola, FL. Well-maintained, 7,696 Total SF, zoned MDR (Medium Density
Residential and has 8 units (2 fourplexes). Strong rental income potential, add this property
to your investment portfolio!
Exterior Descripon
New roof post Hurricane Sally - 2021
New Siding
Parking lot gravel addition and leveling
Interior Descripon
Each of the 8 units has 2 bedrooms and 2 bathrooms and is 962 +/- sf. Interior
Improvements include:
Unit A- New Fridge, New Carpet, new water heater
Unit B- new water heater, new tille flooring, new HVAC, stove, and fridge
Unit C- New Tile Flooring, cabinets, water heater, countertop, fridge, HVAC, vanity
Unit D new water heater, vanity
Unit E new carpet, fridge and stove
Unit F- new cabinets, countertops, fridge, stove, dishwasher, water heater
Unit G- New HVAC, plank flooring, fridge
Unit H- New HVAC, plank flooring, vanity
Investment highlights
- 7,696 SF building with 8 units
- Built in 1985
- Zoned MDR
- Located in Pensacola, FL
- 100% occupancy
- Well-maintained property
- Strong rental income potential
- Prime investment opportunity
- Thriving multifamily market
- Desirable location for tenants
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