3101 W Mallory St - Apartments FOR SALE


Pensacola, FL 32505- South Pensacola
$449,000 USD
3101 W Mallory St, Pensacola, FL for Sale
$449,000 USD
Apartments - FOR SALE
1/38
null | 17.14% Cap Rate

3101 W Mallory St
Pensacola, FL 32505
South Pensacola


OVERVIEW

ATTENTION CASH BUYERS/INVESTORS!! Opportunity is knocking. This is among the few multi-family properties in the area that were grandfathered in with the current zoning ordinances. This a 6-unit multi-family rehab property with new roofs, windows, and doors. The exterior of the building was also painted. The interior is partially stripped and ready for buyer to complete. All units are 1 bed / 1 bath. Renovated one bedroom rents in the area are about $1200 per month. Located about 10 minutes to Airport and downtown, 20 minutes to Fort Pickens and Pensacola Beach. Formerly rented to soldiers working on the base. The property is currently vacant. All 6 units require substantial interior rehab to make livable. All liens have been paid by seller and the property is free and clear. The community is part of an improvement district that was recently upgraded with underground sewer systems. Located in an “Opportunity Zone” that provides tax incentives for investors. We are happy to co-op with brokers. All due diligence should be conducted before making an offer. No sight-unseen offers will be considered. No financing contingencies. Sold AS-IS. Cash preferred. Principal end buyers only. Please no assignments of any kind. We are happy to co-op with brokers. 3101 W MALLORY ST (6 units, Building Sqft 3589, Lot Sqft 19127) Offered at $449 Est rehab cost $125k ARV $800k. ROI = 28.25% Pro-forma estimates: GOI - $86,400 NOI - $76,967 Pro-forma cap rate: 17.41% Call/ Text for showings and offers: Matthew Stanley PA The Keyes Company 954-932-8997 954-661-2840

FOR SALE DETAILS

PRICE

$449,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

3

PRICE/UNIT

$149,667

CAP RATE

17.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

MDR

APN/PARCEL ID

33-2S-30-1600-080-007

ASK ABOUT THIS PROPERTY

Matthew StanleyThe Keyes CompanyMore Info

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Matthew StanleyThe Keyes CompanyMore Info

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