4525 9Th AvePensacola, FL 32503

Property Details for 4525 9Th Ave

Lot size

0.86 AC

Property size (Sq ft)

4,452 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of three single-family homes located in Pensacola, Florida, on N 9th Ave, near Cordova Mall. The portfolio boasts a total of 4,452 square feet across three buildings, each a single-story brick structure. Built between 1964 and 1967, these properties underwent extensive renovations in 2022 and 2023, resulting in a Class A designation. The portfolio includes 11 bedrooms and 8 full bathrooms. Two units feature full impact windows, and two boast new architectural shingle roofs. Two units are available fully furnished, while all three are equipped with basic appliances and central heating and air conditioning. The properties sit on a 0.855-acre lot and are zoned R-1AAA, allowing for flexibility in usage. Currently operating at 66.6% occupancy, the portfolio generates a strong pro-forma NOI of $65,000, representing a 6.19% pro-forma cap rate. The asking price is $1,050,000, translating to $350,000 per unit and $235.85 per square foot. This stabilized investment offers a compelling opportunity for both short-term and long-term rental income. The convenient location near Cordova Mall adds significant value to this already attractive offering.

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4641

Longitude

-87.2142

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