Current Use by Public Records
- Residential income homes
Property Details for 5130 Wheeler Way
- Year built
- 2015
- Lot size
- 0.33 lot acres
- Property type
- Residential income homes
Description
This exceptional single-family home, situated on a spacious 0.33-acre corner lot in Pensacola, Florida's Woodlyn Meadows gated community, presents a compelling investment opportunity. Built in 2015 and renovated in 2022, this Class A property boasts 3,005 square feet of living space, all on one story. The fully fenced backyard offers privacy and ample outdoor space, complemented by a large screened porch. Interior features include lofty cathedral ceilings and generously sized custom closets. Its prime location offers easy access to the Gulf of Mexico's beaches (under 15 minutes away) and NAS Pensacola, making it highly attractive to military personnel and tourists alike. The property is currently vacant, providing immediate potential for rental income, suitable for both short-term and long-term leases. The asking price is $539,000, with a land value of $179 per square foot. This property is ideal for adding to an existing rental portfolio or as a starting point for a new investment strategy. The 1031 exchange sale condition adds further flexibility for qualified investors. This meticulously maintained home represents a rare opportunity to acquire a high-quality, income-generating asset in a desirable location. The property's size, features, and location combine to create a strong investment proposition with significant long-term potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.3823
- Latitude
- 30.5095
