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Listed by Joshua Servo • LPT Realty
$ 595,000
Est. payment | /mo
3,700 SqFt
$ 595,000
Est. payment | /mo
3,700 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,700 sqft
Price per Sqft $160
MLS Listing ID 680831
HOA Y/N No
Year Built 1984
Property Sub-Type Quadruplex
Source Pensacola MLS
Property Description
Income-producing 4-plex located in a highly desirable area off 9 Mile Road near Highway 29! Each unit features 2 bedrooms and 1 bathrooms, offeringstrong rental appeal and consistent cash flow from day one. All four units are currently occupied with established leases in place: • Unit 25: $1,050/month (Lease through 07/31/2026) • Unit 26: $1,050/month (Lease through 10/31/2026) • Unit 27: $1,195/month (Lease through 05/31/2026) • Unit 28:$1,245/month (transitioning to month-to-month) Current gross monthly income is $4,540, providing immediate returns with built-in upside potential.With lease expirations staggered throughout 2026, an investor has the opportunity to gradually increase rents to market rates while maintainingoccupancy. Unit 28 offers added flexibility, as it is converting to a month-to-month lease creating a prime opportunity for an owner-occupant to move inusing a VA loan or for an investor to quickly adjust rents to market value. This property is ideally positioned less than one mile from the new Costcocurrently under construction which will bring significant growth, increased traffic, and long-term appreciation potential to the area. Conveniently locatednear shopping, dining, schools, and major commuting routes. Perfect opportunity for investors looking to expand their portfolio or for owner-occupantsseeking to “house hack” and offset their mortgage with rental income. Don't miss your chance to own a performing asset in one of Pensacola's fastest-growing corridors! PLEASE DO NOT DISTURB TENANTS Buyer to verify all measurements and listing description
Location
State FL
County Escambia - Fl
Interior
Heating Central
Cooling Central Air
Flooring Tile
Exterior
Fence Partial
View Y/N No
Roof Type Shingle
Building
Lot Description Cul-De-Sac
Faces West on 9 Mile Rd. Take right at unmarked street before Vannoy's Tires on north side of street. Unit are behind Vannoy's Tires on right side of unmarked street.
Story 1
Structure Type Frame
New Construction No
Others
Tax ID 081S301003028031
Schools and Properties Nearby
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