For Sale
$1,650,000

1201-1281 Maxwell StPensacola, FL 32501

12-Unit Townhome Complex, $1.65M Asking

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 12-unit townhome apartment building situated on a 0.6-acre lot in Pensacola, Florida. The property, comprised of two, two-story buildings, boasts a total of 16,956 square feet and offers 24 parking spaces. Recently renovated between 2022 and 2024, the property features spacious units and benefits from a prime location in the Englewood neighborhood, less than three miles from downtown Pensacola and convenient to Naval Air Station Pensacola and Pensacola Beach. The property is zoned HDR (High Density Residential) in Escambia County, Florida, and enjoys an approximate gross monthly rent of $13,800. The 1974-built complex underwent significant improvements, presenting a stabilized investment with strong potential for future growth. Property taxes for 2022 were $3,776.64. All utilities are the responsibility of tenants. The asking price is $1,650,000. This is an "as is cash sale". Note that the information provided is approximate and should be independently verified.

Highlights

  • 12-unit townhome apartment building on a 0.6-acre lot in Pensacola, FL.
  • 16,956 square feet with 24 parking spaces.
  • Recently renovated (2022-2024), located in the Englewood neighborhood, near downtown Pensacola, NAS Pensacola, and Pensacola Beach.
  • HDR zoning in Escambia County, FL; approx. $13,800 gross monthly rent.
  • $1,650,000 asking price; as-is cash sale; 2022 property taxes: $3,776.64.
  • Tenant-paid utilities.

Property Details for 1201-1281 Maxwell St

Property type
Land, Apartment buildings
Square Feet
16,956 SF
Class
C
Year Built/Renovated
1974/2022
Buildings
2
Stories
2
Lot Size (sq. ft)
26,136 SF
Units
12

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.4345413
Longitude
-87.2327702
1201-1281 Maxwell St, Pensacola, Florida

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1201-1281 Maxwell St
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