For Sale
$530,000

711 Blount StPensacola, FL 32501

Historic North Hill, high income potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully furnished, four-unit apartment building situated in Pensacola's desirable North Hill neighborhood. The property boasts a strong rental history, generating $85,000 in gross rental income in 2023 and $74,000 in 2024. The two-story building, constructed in 1948 and renovated in 2020, comprises two buildings on a 0.19-acre lot and is zoned for multi-family use. The units offer a mix of sizes and configurations to cater to diverse renter needs. One unit features one bedroom and two bathrooms with 880 square feet and a screened patio. Another unit offers one bedroom and one bathroom in 572 square feet. Two additional units provide two bedrooms and one bathroom, with one located downstairs for accessibility. One of the two-bedroom units has 1,171 square feet. All units are fully furnished and ready for immediate income generation. The property's prime location offers easy access to downtown Pensacola, Pensacola Beach, and Naval Air Station, making it attractive to both short-term and long-term renters. This turn-key property presents a compelling investment opportunity with significant potential for continued rental income growth. The property's total square footage is between 3,000 and 4,000 square feet. The APN is 00-0S-00-9050-009-034. This is a Class C multifamily property.

Highlights

  • Exceptional investment opportunity: Four-unit apartment building in Pensacola's desirable North Hill neighborhood generating $85,000 gross rental income in 2023 and $74,000 in 2024.
  • Two-story, 1948 building, renovated in 2020, situated on a 0.19-acre lot, zoned multi-family. Total square footage between 3,000 and 4,000 square feet. APN: 00-0S-00-9050-009-034.
  • Unit mix includes: one 1 bed/1 bath (572 sq ft), one 1 bed/2 bath (880 sq ft with screened patio), and two 2 bed/1 bath units (one downstairs, one 1,171 sq ft).
  • All units are fully furnished and ready for immediate occupancy.
  • Prime location offers easy access to downtown Pensacola, Pensacola Beach, and Naval Air Station. Class C multifamily property.

Property Details for 711 Blount St

Property type
Apartment buildings
Square Feet
3,000 SF
Class
C
Year Built/Renovated
1948/2020
Buildings
2
Stories
2
Lot Size (sq. ft)
8,276 SF
Units
4

Location Insight

City
Pensacola
County
Escambia
State
Florida
Latitude
30.4272902
Longitude
-87.2283488
711 Blount St, Pensacola, Florida

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711 Blount St
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