Bought with Outside Area Selling Agent • PAR Outside Area Listing Office
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Key Details
Sold Price $560,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,580 sqft
Price per Sqft $217
Subdivision Fleming Heights
MLS Listing ID 639303
Sold Date 02/27/24
Full Baths 1
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1985
Property Description
Amazing opportunity to own an income producing triplex in the Orlovista area. Each unit is a 2bed/1bath triplex (6 bed/3 bath total). Two of the three units have been extensively renovated over the past two years. Updates include: new roofs, updated electrical and plumbing, some of the units have a new HVAC & new water heaters, new kitchen appliances, new stainless steel sink and faucets, hardwood shaker cabinets, new backsplash, granite counters throughout, complete bathroom renovation (toilet/vanity/lighting/sink/faucet/mirror), new washer & dryers, new paint inside and out, popcorn ceiling removed, new front doors & locks, new blinds, new lighting fixtures (interior & exterior), new back patios, privacy fencing, parking lot lighting & security cameras, parking blocks & speed bumps. (An extensive renovation list is available by request). The future upkeep of the units should be a minimum cost because of the extensive renovation. Currently, the annual gross income is $48,300 and the property has the potential to make a gross annual income of at least $51,720 as each lease is renewed. Additional photos of other units are available by request. *5034 W Washington St. is also for sale; it is two fully remodeled duplexes.* All units are tenant occupied, please do not drive on the property unless you have permission.
Location
State FL
County Other Counties
Interior
Heating Central
Exterior
View Y/N No
Roof Type Shingle
Building
Lot Description Interior Lot
Faces From N Pine Hills Rd, head west on W Washington St. Complex will be on your left just after Mandrake St.
New Construction No
Others
Tax ID 302229274416200
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DeAnna Nichols
Broker Associate | License ID: AL 93966 FL BK3611503
Broker Associate License ID: AL 93966 FL BK3611503