Looking for a great and unique investment opportunity? Look no further! This incredible historic home in downtown has been lovingly renovated into nine private apartments surrounded by gardens and patios and within walking distance of Palafox Street. This home is a perfect blend of classic charm with modern amenities. Apartments feature wood floors, tiled baths, stained glass, transom lights, some with gas/electric fireplaces, and beautiful woodworking including board and beam ceilings in some of the units. Units vary in size from studio apartments (3), one bedroom suites (5) and one very beautiful and spacious three bedroom two bath apartment. Eight of the nine apartments fully restored and functioning as very successful short term rentals. The projected 20% ROI based on 2023 numbers makes it even more attractive. Plus, the artisan brickwork and surrounding gardens add significant curb appeal, enhancing its overall value.
Property Details
Price:
$1,990,000
MLS #:
650667
Status:
Active
Beds:
0
Baths:
0
Address:
705 W Garden St
Type:
Multi Family
Subtype:
Apartment
Subdivision:
Maxent Tract
City:
Pensacola
Listed Date:
Aug 13, 2024
State:
FL
Finished Sq Ft:
6,540
Total Sq Ft:
6,540
ZIP:
32502
Year Built:
1908
Units:
9
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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:
Global Learning Academy
Middle School:
Workman
High School:
Pensacola
Interior
Appliances
Water Heater, Dryer, Washer, Dishwasher, Disposal, Microwave, Refrigerator
Cooling
Ceiling Fan(s), Multi Units, Gas, Wall/ Window Unit(s)
Flooring
Wood
Heating
Wall/ Window Unit(s)
Exterior
Construction Materials
Block, Brick, Frame
Exterior Features
Balcony
Other Structures
Workshop/ Storage
Roof
Shingle
Financial
Net Operating Income
$102,372
Map
Community
- Address705 W Garden St Pensacola FL
- SubdivisionMaxent Tract
- CityPensacola
- CountyEscambia
- Zip Code32502
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Courtesy of POINTE SOUTH. 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.
705 W Garden St
Pensacola, FL
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