668 S 72nd Ave
Pensacola, FL 32506
-- Bed
12 Baths
2,707 Sq Ft
33 Days on Market
For Sale $1,650,000
Save
Courtesy of MARK DOWNEY & ASSOCIATES, INC.

Listing Agent & Comments

Michelle DowneyMARK DOWNEY & ASSOCIATES, INC.
850-456-6616michelle@941home.com
MORE PICTURES COMING SOON!! 3 Quadraplex Units (12 total units) with income in the range of $180,000 annually w/ potential for more * Most units have been updated with some having major updates or modifications to make them more desirable and modern, not to mention many new features like roofs, a/c units, etc. * We have a pdf attached to this listing that details the rent being collected on each unit...leases will be provided upon an offer being made * All units are currently under strict, lawyer-executed leases with each tenant paying a "utility fee" monthly that adds to the overall profitability of the overall complex * Please see a copy of the map that shows what is owned - but essentially you will own 3/4 of the cul-de-sac, including the private parking lot which has been recently completely paved and is in excellent condition. * There is an additional vacant lot in the complex that is owned by the Listing Broker and can be purchased separately, or part of the transaction, should the buyer so choose to purchase - the zoning can easily be changed to allow the Buyer to build up to a 10 story building with approx 40 units total! Or simply build a 2-3 story building with another 8-12 units. The addtl lot can be purchased for $75k. *** 2 of the quads (8 units) have 1 BR / 1 BA units with 1 quad (4 units) having 2 BR / 1 BA units. * The 1 BR units rent for almost as much as the 2 BR meaning one can probably raise the rents on the 2 BR units.

MLS# 667452 • Data provided by PARMLS
Additional home details
Living Area2,707 Sq.Ft.
Lot Size6,447 Sq.Ft.
Total Rooms--
Bedrooms--
Bathrooms12
Stories1
Year Built1982
Property TypeMultifamily
ZoningHDR
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$4,390
Property in Flood Zone--
BasementNo
PoolNo
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HouseCanary, Inc. Brokerage

668 S 72nd Ave., Pensacola, FL 32506

Multifamily
-- Bed
12 Baths
2,707 Sq Ft
33 Days on Market

Listing Agent & Comments

Michelle DowneyMARK DOWNEY & ASSOCIATES, INC.
850-456-6616michelle@941home.com
MORE PICTURES COMING SOON!! 3 Quadraplex Units (12 total units) with income in the range of $180,000 annually w/ potential for more * Most units have been updated with some having major updates or modifications to make them more desirable and modern, not to mention many new features like roofs, a/c units, etc. * We have a pdf attached to this listing that details the rent being collected on each unit...leases will be provided upon an offer being made * All units are currently under strict, lawyer-executed leases with each tenant paying a "utility fee" monthly that adds to the overall profitability of the overall complex * Please see a copy of the map that shows what is owned - but essentially you will own 3/4 of the cul-de-sac, including the private parking lot which has been recently completely paved and is in excellent condition. * There is an additional vacant lot in the complex that is owned by the Listing Broker and can be purchased separately, or part of the transaction, should the buyer so choose to purchase - the zoning can easily be changed to allow the Buyer to build up to a 10 story building with approx 40 units total! Or simply build a 2-3 story building with another 8-12 units. The addtl lot can be purchased for $75k. *** 2 of the quads (8 units) have 1 BR / 1 BA units with 1 quad (4 units) having 2 BR / 1 BA units. * The 1 BR units rent for almost as much as the 2 BR meaning one can probably raise the rents on the 2 BR units.

MLS# 667452 • Data provided by PARMLS
Additional home details
Living Area2,707 Sq.Ft.
Lot Size6,447 Sq.Ft.
Total Rooms--
Bedrooms--
Bathrooms12
Stories1
Year Built1982
Property TypeMultifamily
ZoningHDR
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$4,390
Property in Flood Zone--
BasementNo
PoolNo
This property is missing data for:
Comparable properties and forecast
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $1,650,000
Save
Courtesy of MARK DOWNEY & ASSOCIATES, INC.
668 S 72nd Ave
Pensacola, FL 32506
-- Bed
12 Baths
2,707 Sq Ft
33 Days on Market

Listing Agent & Comments

Michelle DowneyMARK DOWNEY & ASSOCIATES, INC.
850-456-6616michelle@941home.com
MORE PICTURES COMING SOON!! 3 Quadraplex Units (12 total units) with income in the range of $180,000 annually w/ potential for more * Most units have been updated with some having major updates or modifications to make them more desirable and modern, not to mention many new features like roofs, a/c units, etc. * We have a pdf attached to this listing that details the rent being collected on each unit...leases will be provided upon an offer being made * All units are currently under strict, lawyer-executed leases with each tenant paying a "utility fee" monthly that adds to the overall profitability of the overall complex * Please see a copy of the map that shows what is owned - but essentially you will own 3/4 of the cul-de-sac, including the private parking lot which has been recently completely paved and is in excellent condition. * There is an additional vacant lot in the complex that is owned by the Listing Broker and can be purchased separately, or part of the transaction, should the buyer so choose to purchase - the zoning can easily be changed to allow the Buyer to build up to a 10 story building with approx 40 units total! Or simply build a 2-3 story building with another 8-12 units. The addtl lot can be purchased for $75k. *** 2 of the quads (8 units) have 1 BR / 1 BA units with 1 quad (4 units) having 2 BR / 1 BA units. * The 1 BR units rent for almost as much as the 2 BR meaning one can probably raise the rents on the 2 BR units.

MLS# 667452 • Data provided by PARMLS
Additional home details
Living Area2,707 Sq.Ft.
Lot Size6,447 Sq.Ft.
Total Rooms--
Bedrooms--
Bathrooms12
Stories1
Year Built1982
Property TypeMultifamily
ZoningHDR
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$4,390
Property in Flood Zone--
BasementNo
PoolNo
This property is missing data for:
Comparable properties and forecast
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $1,650,000
Save
Courtesy of MARK DOWNEY & ASSOCIATES, INC.