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23533734
24732939

1007 W Wright St, Pensacola, FL 32501

DC
FL SL3615588, AL 000171112-0
Keller Williams Realty Gulf Coast
Listed by Keller Williams Realty Gulf Coast
$440,000
372 days on market
Updated 92 days ago

1007 W Wright Street

Details
Property Type Senior Living
Sub Type Residential Assisted Living Facility
Square Footage 1,791
Net Rentable (SqFt) 1,791
Beds 6
Cap Rate 9.00%
NOI $32,970
Class C
Year Built 1938
Year Renovated 2023
Buildings 1
Stories 1
Lot Size (SqFt) 5,643
Zoning R-1A

Senior Living | 9.00% CAP | 1,791 SqFt

Marketing description

Residential Assisted Living Facility For Sale

Unique investment potential minutes from Downtown Pensacola! This property is a prime commercial opportunity, meticulously converted into an active Residential Assisted Living Facility (RAL), and inspected and certified by the State of Florida. Achieving this certification involved passing rigorous inspections, ensuring compliance with commercial fire alarms, sprinklers, and a backup generator.

The interior features an open living and dining area filled with natural light, and two fully updated bathrooms designed for wheelchair accessibility, ensuring comfort and convenience for all residents. The freshly renovated kitchen with granite countertops and all new appliances, and a generator, all come with the property. The furniture belongs to the tenant, simplifying the transition for potential new owners. The manageable yet spacious backyard provides ample room for further customization. Located close to Downtown Pensacola, this property enjoys easy access to all the vibrant amenities the area has to offer.

The property comes with a newly-signed two-year lease, with the option for renewal. Annual increases of 3% are built into the lease.

Investment highlights

There is a newly-signed 2-year lease, effective through February 2028.

NOI $39,600

Cap Rate 9%

Listing Contacts

DC
FL SL3615588, AL 000171112-0
Keller Williams Realty Gulf Coast
Listed by Keller Williams Realty Gulf Coast

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$32,970.00
$2,747.50/mo

Valuation Metrics

0
DSCR
7.49%
Cap Rate
7.49%
ROI

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Additional Information

Name
Dean Cooledge
License
SL3615588
Brokerage
Keller Williams Realty Gulf Coast
Brokerage Phone
850-471-5000
Brokerage Address
800 Langley Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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