515 Palomar Dr - Apartments FOR SALE


Pensacola, FL 32507
$775,000 USD
850-221-3686
515 Palomar Dr, Pensacola, FL for Sale
$775,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

515 Palomar Dr
Pensacola, FL 32507


OVERVIEW

Small Multi-Family Investment Near Navy Base New Warrington Apartments is a 5,152 SF two-story building comprised of 8 one-bedroom units with 4 on each floor. These units are conveniently located near the Navy Base, VA Hospital and waterfront access attracting quality, long term tenants. Units are presently leased at an average of $950/month however, the median rental rate is closer to $1,150/month. The present owner has experienced minimal vacancy over the course of 10-years of ownership along with ease of maintenance and management. Recent appraisal available Please contact Edie for more specific information regarding expenses and rent roll.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

8

PRICE/UNIT

$96,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Small Multi-Family Investment Near Navy Base

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

MDR

APN/PARCEL ID

512S307062006038

ASK ABOUT THIS PROPERTY

Edie HumphreyNeal & Company LLCMore Info
850-221-3686

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Edie HumphreyNeal & Company LLCMore Info
850-221-3686

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.