6200 Fairfield Dr Pensacola, FL 32506-3448
- Assisted living facilities
- 6,664 SF
- 0.33 lot acres
Current Use by Public Records
- Green Goddess Pink Ribbon LLC / Charity
- Victory House Industries / Manufacturer
Property Details for 6200 Fairfield Dr
- Year built
- 1974
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.33 lot acres
- Property size
- 6,664 SF
- Zone code
- HDMU
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 14-2S-30-5103-000-001
- APU
- 142S305103000001
Description
This exceptional investment opportunity presents a 16-unit apartment building located at 6200 W Fairfield Dr, Pensacola, FL 32506, in Escambia County. The property, built in 1974 and renovated in 2018, boasts a total of 7,264 square feet across two, two-story buildings situated on a 0.461-acre lot. Currently operating at 100% occupancy (as of September 6th, 2024), this Class C multifamily property offers significant cash flow potential. The property features 20 beds and 7 bathrooms, with a variety of unit types designed for diverse income streams. Amenities include 10 parking spaces. The property is zoned HDMU and offers a stabilized investment opportunity with a current NOI of $69,365 and a pro-forma NOI of $92,045, resulting in a current cap rate of 15.42% and a pro-forma cap rate of 20.46%. The asking price is $449,900, translating to $61.94 per square foot and $28,118.75 per unit. A single meter services water and power for all units. This is a full ownership opportunity, with no ground lease. The property's strong performance metrics, high occupancy rate, and significant cash flow make it an attractive investment for discerning buyers seeking a stable and profitable addition to their portfolio. The property's multi-purpose design and diverse unit types offer flexibility and potential for future growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $445,000
- 6.5%
- $445,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $490,000
- Geo Method
- $455,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $555,000
- Retail
- $475,000
- Mixed-Use
- $410,000
- Hospitality
- $450,000
- Educational
- $410,000
- Residential Income
- $480,000
- Energy
- $435,000
- Income-Based Land
- $445,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2976
- Latitude
- 30.4319
- CBSA code
- 37860
- CBSA name
- PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA
