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Listed by Zachary Cooper • GRAND REALTY, INC.
$ 550,000
Est. payment | /mo
3,606 SqFt
$ 550,000
Est. payment | /mo
3,606 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,606 sqft
Price per Sqft $152
MLS Listing ID 676129
HOA Y/N No
Year Built 1984
Property Sub-Type Quadruplex
Source Pensacola MLS
Property Description
This fully occupied, professionally managed 4-unit multi-family property offers a strong investment opportunity with approximately $52,800 in annual gross rental income. The property is well maintained and features a new roof installed in 2022, along with numerous system and interior upgrades completed between 2024 and 2025. Recent improvements include 3 new A/C systems, 3 new water heaters 1 brought up to code, flooring, appliances, and interior updates across multiple units. Two units feature three bedrooms and one bath, while the remaining two units offer two bedrooms and one bath. Each unit includes a private rear storage and laundry area, and fencing between units provides additional tenant privacy. The property is conveniently located less than twenty minutes from Pace, local shopping centers, and the airport, and benefits from quality, long-term tenants. This is a stabilized asset ideal for an investor looking to add a well-updated multi-family property to their portfolio. Please do not disturb residents. Information deemed reliable but not guaranteed; buyers and agents to verify. Garbage, Water and Lawncare is provided.
Location
State FL
County Escambia - Fl
Interior
Heating Central
Cooling Central Air
Exterior
View Y/N No
Roof Type Composition
Building
Lot Description Central Access
Faces Head southwest on US-90 W toward Border Ave Continue onto US-90 ALT W Use the left 2 lanes to turn slightly left onto FL-291 S Turn left onto E Johnson Ave Destination will be on the right
Story 1
Structure Type Brick,Frame
New Construction No
Others
Tax ID 171S302100001001
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Tomell Johnson
REALTOR® | Lic# SL3413882