66-Unit Student Apartment
For Sale
Contact for pricing
Pending
9601 University Pkwy, Pensacola, FL 32514
Built in 2021, the community offers furnished floor plans with bed-bath parity and shared student amenities.
Property SizeContact for details
Days on Market143
Property Features for 9601 University Pkwy
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
99%
Units
Unit Mix
1 Bedroom, 2 Bedroom, 4 Bedroom
Multifamily Units
66
Additional Details
Furnished
Yes
Amenities
Pool
Outdoor Social Lounge
Clubhouse
Study Lounge With Conference Room
Billiard Room
Building Details
Year Built
2021
Listing Agency:
Triad Real Estate Partners
Listed By:
Ryan Tobias · License #IL 481011642
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 11:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Triad Real Estate Partners
Investment Insights
Based on property information with market context.
Rhelm is a 66-unit, 180-bed student housing community completed in 2021 at 9601 University Pkwy in Pensacola. The property includes furnished one-, two-, and four-bedroom floor plans, each with matching bedroom and bathroom counts. Shared features include a swimming pool, outdoor social lounge, clubhouse, study lounge with conference room, and billiard room.
The community is located less than one-half mile from the University of West Florida campus. The university reported enrollment of 14,343 students, including a freshman class that increased 41% from the prior year. Rhelm recorded 99.4% occupancy for 2023-24 and was just under 90% pre-leased for 2024-25. The property is offered free and clear, with existing bank financing that may be assumed at approximately 60% leverage, a fixed 4.45% rate, and 2027 maturity.
The community is located less than one-half mile from the University of West Florida campus. The university reported enrollment of 14,343 students, including a freshman class that increased 41% from the prior year. Rhelm recorded 99.4% occupancy for 2023-24 and was just under 90% pre-leased for 2024-25. The property is offered free and clear, with existing bank financing that may be assumed at approximately 60% leverage, a fixed 4.45% rate, and 2027 maturity.
Key Highlights
- 66‑unit, 180‑bed student housing community
- Completed in 2021 with furnished 1-, 2-, and 4‑bedroom floor plans
- All floor plans offer bed‑bath parity
Property Analytics
Property Profile
Current Use
Lease Details
66
Residential units
99.4%
Occupancy
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 32514, FL
40,844
Population
19,117
Households
2.1
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
19.8 sq mi
ZIP Area
2,063
Density / Sq Mi
$66,484
Median Household Income
$36,178
Median Earnings
$1,358
Median Rent
$241,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2021, the community offers furnished floor plans with bed-bath parity and shared student amenities.
Where is this apartment building located?
The property is located at 9601 University Pkwy Pensacola, FL.
What are key features of this property?
This property features: 66‑unit, 180‑bed student housing community; Completed in 2021 with furnished 1-, 2-, and 4‑bedroom floor plans; All floor plans offer bed‑bath parity
