For Sale
$2,450,000

714 La Rua St Pensacola, FL 32501

Luxury Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
136
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.

Highlights

  • Historic 1889 Queen Anne Victorian, listed on the National Register of Historic Places.
  • Two buildings totaling 7,500 square feet with 14 suites and 13 bathrooms.
  • 2014 renovation and 2022 addition of a 2,600 sq ft building with 7 suites and 7 bathrooms, including a heated pool and spa.
  • Located on a 0.031-acre lot in Pensacola's Old East Hill Preservation District (714 E La Rua St, Pensacola, FL 32501; OEHR-2 zoning).
  • Highly successful Airbnb with $190,000 NOI and 7.76% cap rate.
  • Asking price: $2,450,000 ($326.67 per square foot).

Property Details for 714 La Rua St

Property type
Residential income homes, Dormitories
Square Feet
7,500 SF
Class
A
Year Built/Renovated
1889/2014
Buildings
2
Stories
3
Lot Size (sq. ft)
1,350 SF
Units
2

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.4202168
Longitude
-87.2079746

FAQs

What type of property is this?
Residential income home - Luxury Multifamily Investment Opportunity
Where is the residential income home located?
The property is located at 714 La Rua St Pensacola, FL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Historic 1889 Queen Anne Victorian, listed on the National Register of Historic Places.; Two buildings totaling 7,500 square feet with 14 suites and 13 bathrooms.; 2014 renovation and 2022 addition of a 2,600 sq ft building with 7 suites and 7 bathrooms, including a heated pool and spa.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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714 La Rua St
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