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+18502327640
Realty Connections LLC.
668 72nd Ave, Pensacola, FL 32506
- $480,000
- 4
- BA
- Sold Price
- $480,000
- List Price
- $490,000
- Closing Date
- Feb 26, 2026
- MLS#
- 672374
- Status
- SOLD
- Type
- Multifamily
- Year Built
- 1982
- City
- Pensacola
- Bathrooms
- 4
Property Description
Quadplex unit with income in the range of approx $50,000 annually w/ potential for more - which equals a cap rate of approx 10%!!! * Most units have been updated with some having major updates or modifications to make them more desirable and modern, not to mention many new features such as: Roof, A/C & Heat, and more! * Redacted Leases will be provided upon request * All units are currently under strict, lawyer-executed leases with each tenant paying a "utility fee" monthly that adds to the profitability of the overall complex * Please see a copy of the map that shows what is being sold ** (NOTE: please verify all features, dimensions, numbers, etc...also note that the Owner owns 2 other 4-plexes adjacent to this - that all share the same parking lot. Meaning, you could own a total of 12 units. There is also a vacant lot adjacent to this quad that could be purchased for $75k. Buyer could build up to 28 units on this lot!).
Additional Information
- High School
- Escambia
- Lot Description
- Interior Lot
- Cooling
- Central Air
- Heating
- Central, Fireplace(s)
- Waterfront Type
- None
- Waterfront Description
- None
- Roof
- Shingle
- Pool Description
- None
- Parking
- 2 Space/Unit
- Elementary School
- Navy Point
- Middle School
- WARRINGTON
- High School
- Escambia
- Financing
- Other
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Listing courtesy of MARK DOWNEY & ASSOCIATES, INC.. Selling Office: MARK DOWNEY & ASSOCIATES, INC..
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