Great investment opportunity. This portfolio consists of 7 parcels including four 4-plexes. 3 parcels are vacant while two of them have been cleared with power, water, and sewer available. Investors have an option to obtain residential loans or commercial loans if needed. Each 4-plex is on its own parcel; however, there are two 4-plexes under 1 roof consisting of 2 buildings or 2 eight-plexes. The parcel borders run through the breezeways. Most units have been upgraded. Most units have new windows and sliding glass doors. Seller all ready has windows ready to install as tenants move out. The roofs were installed near 2012. All polybutylene has been replaced. Some Ac’s as well as water heaters have been replaced as they break. Top rental is $1150 and as leases renew, rents are increasing near $50 a month per unit upon renewal to get to $1125. Current Rent-Roll grosses at near $16,350 a month. The lowest rental is $825 and below rental market compared to the other units rented. The upgrades in some of these units include, tile, hardwood tile, new kitchens and bathrooms. Some granite was installed as well. Based on the layout, the seller must sell all parcels as a whole which isa reflected on the list price. Each unit is 1050 square feet 2 bedroom 2 bathroom with laundry inside each unit. Each 4-plex is a two-story with 2 units upstairs and 2 units downstairs. Rent-Rolls, P&L, and all 7 legal descriptions are attached as documents to this listing for all to review.
Property Details
Price:
$2,500,000
MLS #:
602622
Status:
Closed ((Mar 25, 2022))
Beds:
2
Baths:
2
Address:
9483 Sunnehanna Blvd
Type:
Multi Family
Subtype:
Quadruplex
City:
Pensacola
Listed Date:
Jan 21, 2022
State:
FL
Finished Sq Ft:
1,050
ZIP:
32514
Year Built:
1985
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Les Austin has joined Keller Williams Realty, Gulf Coast. He will be a member of the RE:Source Team which will include members with vast amounts of experience in Real Estate and Business. What Les is bringing to the team is over 40 years as a licensed Real Estate Broker. He is also a Florida Certified Licensed General Contractor and Home Inspector. He has been involved in the construction, marketing and sales of thousands of properties. Additional credentials/resources he is bringing to the team…
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Schools
Elementary School:
Mcarthur
Middle School:
Ferry Pass
High School:
Tate
Interior
Appliances
Electric Water Heater, Dishwasher, Electric Cooktop, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Ceiling Fan(s), Central Air
Flooring
Tile, Vinyl, Carpet
Heating
Central
Laundry Features
Inside, W/ D Hookups
Exterior
Construction Materials
Vinyl Siding, Wood Siding, Frame
Parking Features
Parking Lot
Roof
Composition
Financial
Buyer Agent Compensation
2.5%%
Map
Community
- Address9483 Sunnehanna Blvd Pensacola FL
- CityPensacola
- CountyEscambia
- Zip Code32514
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Courtesy of CARE Realty Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Pensacola FL. Detailed information about real estate listings held by brokerage firms other than Les Austin include the name of the listing broker. Neither the listing company nor Les Austin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Pensacola FL. All rights reserved.
9483 Sunnehanna Blvd
Pensacola, FL
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