Property summary
This exceptional investment opportunity presents a three-unit multifamily portfolio nestled on a 1.01-acre lot in the heart of Pensacola, Florida. The portfolio comprises three buildings: two single-family homes (756 sq ft and 560 sq ft) and a recently renovated single-wide trailer. Currently operating at 100% occupancy, the property generates a substantial NOI of $37,531, representing a compelling 10.75% cap rate. Individual unit rents are $1050 and $650 for the single-family homes, and the trailer generates $2100+ monthly via Airbnb rentals. The homes are currently under month-to-month leases. The property features ample parking with two spaces per unit. Built in 1940 and 1983, with recent renovations completed two years ago, the property is zoned HC/LI. While the single-family homes require roof replacements (details in property disclosure), the strong current cash flow and potential for increased rental income make this a highly attractive investment. The asking price is $349,000, or $116,333.33 per unit. A pro-forma analysis reveals a 4.36% cap rate and a NOI of $15,229. Showings are by appointment only. All rental data is available upon request. This is a rare opportunity to acquire a well-located, cash-flowing multifamily portfolio in a growing Pensacola neighborhood.
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6 recent transactions · within 1.5 miComparable in this City
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