711 Blount St Pensacola, FL 32501
- Commercial real estate
- 3,000 SF
- 0.19 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 711 Blount St
- Year built
- 1948
- Lot size
- 0.19 lot acres
- Property size
- 3,000 SF
- Property type
- Commercial real estate
- APN
- 00-0S-00-9050-009-034
Description
This exceptional investment opportunity presents a fully furnished, four-unit apartment building situated in Pensacola's desirable North Hill neighborhood. The property boasts a strong rental history, generating $85,000 in gross rental income in 2023 and $74,000 in 2024. The two-story building, constructed in 1948 and renovated in 2020, comprises two buildings on a 0.19-acre lot and is zoned for multi-family use. The units offer a mix of sizes and configurations to cater to diverse renter needs. One unit features one bedroom and two bathrooms with 880 square feet and a screened patio. Another unit offers one bedroom and one bathroom in 572 square feet. Two additional units provide two bedrooms and one bathroom, with one located downstairs for accessibility. One of the two-bedroom units has 1,171 square feet. All units are fully furnished and ready for immediate income generation. The property's prime location offers easy access to downtown Pensacola, Pensacola Beach, and Naval Air Station, making it attractive to both short-term and long-term renters. This turn-key property presents a compelling investment opportunity with significant potential for continued rental income growth. The property's total square footage is between 3,000 and 4,000 square feet. The APN is 00-0S-00-9050-009-034. This is a Class C multifamily property.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2283488
- Latitude
- 30.4272902
