1750 Palafox StPensacola, FL 32501

This exceptional multifamily investment opportunity in Pensacola, Florida, presents a compelling redevelopment project. Located at 1750 N Palafox St, 32501, Escambia County, this portfolio comprises four buildings totaling 60,081 square feet on a 57,499 square foot lot. Constructed in 1954, the property is zoned C3, offering significant potential for future development. Architectural plans are available upon request. The current asking price is $1,990,000. A recent price reduction has increased the projected net operating income (NOI) by up to 7.1%. With a substantial influx of $55 million in government funding earmarked for Pensacola, this investment presents significant upside potential and minimal downside risk. Post-renovation, the property is projected to yield an impressive capitalization rate. The interior is currently in need of renovation, but the structure remains intact. This is a unique chance to acquire a substantial multifamily portfolio in a rapidly developing area. The property is available for viewing within 24-48 hours of request.