Utopia Cottages | 9822 Utopia Dr
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Utopia Cottages 9822 Utopia Dr
8 Unit Apartment Building For Sale Pensacola, FL 32514
Investment Highlights
- Unique Class-A Cottage Style Student Housing Asset Consisting of 30-Beds/8-Units Built in 2020
- Premier Location only 0.5 Miles (2 Minute Drive) to University of West Florida Which Boasts an Enrollment of 14,371
- Located in a High Barriers to Entry Student Housing Market with Great Supply and Demand Demographics
- Premium Unit Interior Finishes Include Stainless Steel Appliances, Stained Concrete Floors, White Shaker Cabinetry and Granite Countertops
- Less Than a Mile from Publix Supermarket, Target, Chick-Fil-A, Starbucks, Panera Bread, and More
Executive Summary
SP Multifamily Group of Marcus & Millichap is pleased to offer to qualified investors, Utopia Cottages, an 8-unit, 30-bed, student housing asset located within a half mile from University of West Florida in Pensacola, FL. Built-in 2020, Utopia Cottages offers tenants two-story, cottage-style units, with high end finished such as granite countertops, white shaker cabinets, stained concrete flooring, stainless steel appliances, recess lighting, and washer/dryer appliances. The unit mix at Utopia Cottages consists of (2) three-bedroom/three-and-a-half-bathroom units consisting of 1,408 Sq. Ft., and (6) four-bedroom/four-and-a-half-bathroom units consisting of 1,568 Sq. Ft. Currently, the property is not fully furnished with furniture as normal in student housing, and a buyer has the ability to furnish the units while increasing the rents to be competitive within the market.
TO DOWNLOAD THE FINANCIALS AND OFFERING MEMORANDUM, USE THE LINK BELOW:
https://www.marcusmillichap.com/properties/168623/utopia-cottages
TO DOWNLOAD THE FINANCIALS AND OFFERING MEMORANDUM, USE THE LINK BELOW:
https://www.marcusmillichap.com/properties/168623/utopia-cottages
Property Facts
| Sale Type | Investment | Lot Size | 1.01 AC |
| No. Units | 8 | Building Size | 12,916 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2020 |
| Building Class | B | Parking Ratio | 2.48/1,000 SF |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.01 AC |
| Building Size | 12,916 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2020 |
| Parking Ratio | 2.48/1,000 SF |
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- High Speed Internet Access
- Carpet
- Freezer
- Island Kitchen
- Pantry
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 8 | - | 1,668 |
PROPERTY TAXES
| Parcel Number | 53-1S-30-4001-000-000 | Improvements Assessment | $2,553,520 |
| Land Assessment | $131,300 | Total Assessment | $2,684,820 |
PROPERTY TAXES
Parcel Number
53-1S-30-4001-000-000
Land Assessment
$131,300
Improvements Assessment
$2,553,520
Total Assessment
$2,684,820
zoning
| Zoning Code | HDR |
| HDR |
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Utopia Cottages | 9822 Utopia Dr
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