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

$490,000

Est. payment - /mo

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4 Baths

2,800 SqFt

Contingent

668 72nd Ave Pensacola, FL 32506

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Ruben & Judy Fernandez

rubenfern@epique.me +1(850) 287-9211

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Contingent

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

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 10

5

Pleasant Grove Elementary School

Public | KG - 5
2

West Pensacola Elementary School

Public | PK - 5
1

Myrtle Grove Elementary School

Public | PK - 5
1

Sherwood Elementary School

Public | PK - 5
1

Navy Point Elementary School

Public | PK - 5
1

Warrington Elementary School

Public | PK - 5
0

Little Flower Catholic School

Private | PK - 8
0

St John the Evangelist School

Private | PK - 8
0

Redeemer Lutheran School

Private | PK - 8
0

Sl Jones Christian Academy

Private | PK - KG

Middle Schools 3

2

Warrington Middle School

Public | 6 - 8
0

Escambia Boys' Base

Public | 6 - 12
0

Camelot Academy of Escambia County

Public | 6 - 12

High Schools 2

1

Escambia High School

Public | 9 - 12
0

Judy Andrews Second Chance Center

Public | 9 - 12

School and business data provided by Attom Data.

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Ruben & Judy Fernandez

Broker Associate | License ID: BK3581070

+1(850) 287-9211

668 72nd Ave Pensacola, FL 32506

Ruben & Judy Fernandez

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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668 72nd Ave