Bought with Outside Area Selling Agent • PAR Outside Area Listing Office
$1,955,000
$2,250,000
13.1%For more information regarding the value of a property, please contact us for a free consultation.
20,624 SqFt
SOLD DATE : 08/05/2025
Key Details
Sold Price $1,955,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 20,624 sqft
Price per Sqft $94
Subdivision Abb
MLS Listing ID 663489
Sold Date 08/05/25
HOA Y/N No
Year Built 1972
Property Sub-Type Apartment
Source Pensacola MLS
Property Description
Sanders Apartments offers an incredible investment opportunity with all 20 units completely remodeled over the past 5 years. Major upgrades include new roofs on the two large buildings in 2022, and on the four duplexes in 2024. Additional improvements in 2024 include brand-new fencing and a freshly paved parking lot, ensuring the property looks as good as it performs. Professionally managed by a local property management company, Sanders Apartments has maintained an impressive 100% occupancy rate for the past 5 years, generating a strong gross income of $24,300 per month. This property combines modern updates, consistent income, and a prime location—truly a can't-miss opportunity!
Location
State FL
County Escambia - Fl
Interior
Heating None
Cooling Ceiling Fan(s), Multi Units
Appliance Dryer, Built In Microwave, Refrigerator
Exterior
Exterior Feature Rain Gutters
Fence Back Yard
View Y/N No
Roof Type Composition
Building
Faces Near Hospital off Hwy 110 in Pensacola
Story 1
Structure Type Brick
New Construction No
Others
Tax ID 311S301901205006
Special Listing Condition As Is
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Broker-Associate | Lic# BK638275 // 000057468-0