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Listed by William Boatner • KELLER WILLIAMS REALTY GULF COAST
$ 565,000
Est. payment /mo
Pending
701 N Old Corry Field Rd Pensacola, FL 32506
9,000 SqFt
UPDATED:
02/21/2025 04:19 PM
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $62
Subdivision Murray Hill
MLS Listing ID 655588
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1957
Property Sub-Type Other
Property Description
This Multi Family complex is set for over a 12% CAP and is a mix of block built homes, duplexes and mobile homes with a proven track record for bringing an investor a strong return. With 16 Units altogether - 3 Are in need of rehabilitation and 14 units are leased with transferrable deposits. Gross rents for current leases is $9,000/Month and $5,845/month Net after all maintenance, tax, trash, repairs budget and utility expenses. With 3 units that could be brought back to rented status, there is potential for more income. Owner pays water, trash, grounds maintenance, and makes all repairs. 10 Septic systems (some units share a tank) are all operational and have been personally maintained. 3 of the mobile homes do not have transferable title, and must be transferred with hold harmless. CASH ONLY - No Financing other than private loans. Ask your agent for the detail sheet provided in our documents or call today for more info!
Location
State FL
County Escambia
Interior
Heating Central, Wall/Window Unit(s)
Cooling Central Air, Wall/Window Unit(s)
Exterior
View Y/N No
Roof Type Composition,Metal
Building
Lot Description Corner Lot
Faces North On Old Corry Field Rd from Barrancas
Story 1
Structure Type Block,Frame
New Construction No
Others
Tax ID 342S300170001054
Special Listing Condition As Is
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