Small Multi-Family Investment Near Navy Base | 515 Palomar Dr
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Small Multi-Family Investment Near Navy Base 515 Palomar Dr
8 Unit Apartment Building $775,000 ($96,875/Unit) Pensacola, FL 32507
Executive Summary
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.
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.
Property Facts Under Contract
| Price | $775,000 | Apartment Style | Townhome |
| Price Per Unit | $96,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| No. Units | 8 | Building Size | 5,128 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1972 |
| Price | $775,000 |
| Price Per Unit | $96,875 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 5,128 SF |
| No. Stories | 2 |
| Year Built | 1972 |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Trash Pickup - Curbside
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
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zoning
| Zoning Code | MDR (Medium-density residential development) |
| MDR (Medium-density residential development) |
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Small Multi-Family Investment Near Navy Base | 515 Palomar Dr
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