Caughey Arms Townhome Apartments | 1201-1281 W Maxwell St
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Caughey Arms Townhome Apartments 1201-1281 W Maxwell St
12 Unit Apartment Building $1,650,000 ($137,500/Unit) 10% Cap Rate Pensacola, FL 32501
Investment Highlights
- New roofs, decking, siding, insulation, paint, exterior doors and windows replaced where needed.
- Less than 3 miles from downtown Pensacola, 20 minutes from Naval Air Station (NAS) Pensacola and Pensacola Beach.
- multi- and single-family homes, a park, redesigned street connections and spaces for restaurants, retailers and social services.
- All utilities (electricity, water, sewer, trash, cable) responsibility of tenants.
- Englewood Neighborhood near the Baptist Healthcare Campus that has plans to revamp the old campus into a mixed-use development incorporating
- DO NOT VISIT PROPERTY IT IS OCCUPIED DO NOT DISTURB TENANTS. A Confidentiality and Non-Circumvention Agreement (CNCA) must be executed to obtain info
Executive Summary
Renewed, renovated, improved large 12 two story spacious townhomes in the Englewood Neighborhood near the Baptist Healthcare Campus that has plans to revamp the old campus into a mixed-use development incorporating multi- and single-family homes, a park, redesigned street connections and spaces for restaurants, retailers and social services.
Less than 3 miles from downtown Pensacola, 20 minutes from Naval Air Station (NAS) Pensacola and Pensacola Beach.
Approximate Gross Monthly Rent $16,600
All utilities (electricity, water, sewer, trash, cable) responsibility of tenants.
2022 Property Taxes $3,776.64
Less than 3 miles from downtown Pensacola, 20 minutes from Naval Air Station (NAS) Pensacola and Pensacola Beach.
Approximate Gross Monthly Rent $16,600
All utilities (electricity, water, sewer, trash, cable) responsibility of tenants.
2022 Property Taxes $3,776.64
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,650,000 | Apartment Style | Low Rise |
| Price Per Unit | $137,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.60 AC |
| Cap Rate | 10% | Building Size | 16,956 SF |
| Gross Rent Multiplier | 0.11 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1974/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Price | $1,650,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 10% |
| Gross Rent Multiplier | 0.11 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 16,956 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2022 |
| Parking Ratio | 1.42/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 12 | $1,400 | 1,178 - 1,334 |
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zoning
| Zoning Code | High Density Residential (HIGH DENSITY RESIDENTIAL SEC. 3-2.8) |
| High Density Residential (HIGH DENSITY RESIDENTIAL SEC. 3-2.8) |
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Joseph Leccese -
Coldwell Banker Commercial Realty
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Caughey Arms Townhome Apartments | 1201-1281 W Maxwell St
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