Property summary
This exceptional 74-unit apartment community in Gulf Breeze, Florida, presents a compelling investment opportunity. Built in 1966 and extensively renovated between 1990 and 2023, the property boasts 67,826 square feet of living space across six, two-story buildings situated on 4.09 acres. The unit mix includes studios, one-bedroom, two-bedroom, and three-bedroom apartments, catering to a diverse renter base. Amenities include direct entry units, ample parking, an on-site laundry facility, a central courtyard with green space, a swimming pool, and grilling stations. The property benefits from a highly desirable location on the Fairpoint Peninsula, seconds from Gulf Breeze Parkway (US Highway 98), and within close proximity to shopping centers anchored by Walmart, Publix, Chick-fil-A, Starbucks, Panera Bread, and Wendy's. Its proximity to Gulf Breeze's highly-ranked elementary, middle, and high schools, Gulf Breeze Hospital, Pensacola Beach, and Downtown Pensacola further enhances its appeal. The property is also conveniently located near Naval Air Station Pensacola, contributing to a strong local economy and a large pool of potential renters. Each unit features separately metered utilities (tenant pays electricity
Property profile
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Current use
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Apartment Building
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Interior Design Home Decor Store
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Painting
Location
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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