907 N 57Th Ave Pensacola, FL 32506
Property profile & analytics
907 N 57Th Ave Pensacola, FL 32506
- Residential income homes
- 1,880 SF
- 0.41 lot acres
Property ID
US18-2137488
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Residential income homes
Property Details for 907 N 57Th Ave
- Year built
- 1940
- Lot size
- 0.41 lot acres
- Property size
- 1,880 SF
- Property type
- Residential income homes
- APN
- 352S302500150012
Description
This exceptional multifamily investment opportunity in Pensacola, Florida, presents two charming, single-family homes situated on a 0.408-acre lot in the desirable Myrtle Grove neighborhood. The property, encompassing 1,880 square feet, consists of two one-story buildings, each with its own unit, built in 1940. Currently boasting 100% occupancy, this property offers immediate income generation. One unit, located at 907 N 57th Ave, rents for $1,095 per month with a lease expiring February 29, 2024, and has been occupied since September 26, 2020. The second unit, at 909 N 57th Ave, commands $825 per month, also with a lease expiring February 29, 2024, and occupied since March 9, 2023. Both homes have recently had their roofs replaced, minimizing future maintenance expenses. The property is zoned MDR and offers a strong rental history, making it an ideal addition to any investment portfolio. Its convenient location near schools, grocery stores, and healthcare facilities, coupled with the proximity to attractions like the Naval Aviation Museum and Perdido Key beaches, enhances its appeal. The asking price is $229,000, translating to $121.81 per square foot. This represents a compelling opportunity for investors seeking a proven income-generating asset in a thriving coastal city. The property includes two parcels, as indicated by the APN 352S302500150012.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Pensacola
- County
- Escambia
- State
- Florida
- Longitude
- -87.2920791
- Latitude
- 30.4214185
