Bought with Outside Area Selling Agent • PAR Outside Area Listing Office
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Key Details
Sold Price $2,200,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 13,398 sqft
Price per Sqft $164
Subdivision Bayshore
MLS Listing ID 654479
Sold Date 12/20/24
Bedrooms 2
Full Baths 1
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1984
Property Description
Welcome to Bayshore Apartments, a prime investment opportunity in a highly desirable location. This well-maintained 14-unit community offers an exceptional combination of modern amenities and strong rental demand, making it an ideal addition to any multifamily investment portfolio. Each of the 14 units (957 Sq Ft each) features a spacious 2-bedroom, 1-bathroom floor plan, designed with comfort and style in mind. With annual gross potential rent of $243,600, the apartments have been thoughtfully updated with contemporary kitchens and bathrooms, ensuring that residents enjoy a fresh, modern living experience. Additionally, each unit boasts a private balcony or patio, providing residents with their own outdoor retreat to relax and enjoy the surroundings. The property also offers abundant parking, a valuable feature that enhances tenant satisfaction and convenience. Located in a thriving community with easy access to local amenities, employment centers, and top-rated schools, Bayshore Apartments offers both immediate income and long-term investment potential. The combination of updated features, newer roofs, newer impact resistant windows, high occupancy, abundant parking, and strong rental income makes this property a valuable asset for any multifamily investor looking to capitalize on a stable and growing market. Don't miss this opportunity to secure a profitable investment in a sought-after location.
Location
State FL
County Santa Rosa
Zoning Res Multi
Rooms
Kitchen Laminate Counters
Interior
Interior Features Ceiling Fan(s), High Speed Internet, Walk-In Closet(s)
Heating Central, Fireplace(s)
Cooling Ceiling Fan(s), Central Air
Flooring Tile
Fireplace true
Appliance Electric Water Heater, Dishwasher, Refrigerator
Exterior
Exterior Feature Balcony
Parking Features Assigned, Guest
Fence Back Yard
Pool None
Waterfront Description None
View Y/N No
Roof Type Shingle
Garage No
Building
Lot Description Interior Lot
Faces Take US-98 East from the Pensacola Bay Bridge for 7.4 Miles. Turn left onto Bayshore Road. Turn right into Bayshore Apartments. *Guest parking located on the left*
Story 2
Water Public
Structure Type Frame
New Construction No
Others
Tax ID 362S290000009000000
Security Features Smoke Detector(s)
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DeAnna Nichols
Broker Associate | License ID: AL 93966 FL BK3611503
Broker Associate License ID: AL 93966 FL BK3611503