714 La Rua StPensacola, FL 32501

Property Details for 714 La Rua St

Year built

1889

Lot size

0.03 AC

Property size (Sq ft)

7,500 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional Pensacola, Florida investment property offers a unique blend of history and modern luxury. The Marzoni House, a meticulously restored 1889 Queen Anne Victorian, is listed on the National Register of Historic Places. The property comprises two buildings totaling 7,500 square feet, featuring fourteen suites and thirteen en-suite bathrooms across three stories. A 2014 renovation and a 2022 addition of a 2,600 square foot building with seven suites and seven en-suite bathrooms, including a heated pool and spa, seamlessly blend historical charm with contemporary amenities. The property sits on a 0.031-acre lot in the Old East Hill Preservation District at 714 E La Rua St, Pensacola, FL 32501, and is zoned OEHR-2. Currently operating as a highly successful Airbnb, this multifamily investment boasts a strong track record, generating a Net Operating Income (NOI) of $190,000 and a 7.76% cap rate. With two units, each valued at $1,225,000, the asking price is $2,450,000 ($326.67 per square foot). This presents a rare opportunity to acquire a prestigious, high-income-generating property with significant historical significance and substantial rental potential. The property's location in the heart of Pensacola offers easy access to local attractions and a thriving tourism market. This is a truly exceptional investment opportunity for discerning buyers seeking a blend of historical preservation and modern profitability.

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4202

Longitude

-87.208

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