6200 Fairfield Dr Pensacola, FL 32506-3448

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.