668 72nd Ave, Pensacola, FL 32506
Local realty services provided by:Better Homes and Gardens Real Estate Emerald Coast



668 72nd Ave,Pensacola, FL 32506
$1,650,000
- - Beds
- 12 Baths
- 9,200 sq. ft.
- Multi-family
- Active
Listed by:michelle downey
Office:mark downey & associates, inc.
MLS#:667452
Source:FL_PMLS
Price summary
- Price:$1,650,000
- Price per sq. ft.:$179.35
About this home
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.
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Home facts
- Year built:1982
- Listing Id #:667452
- Added:35 day(s) ago
- Updated:August 03, 2025 at 02:51 PM
Rooms and interior
- Total bathrooms:12
- Full bathrooms:12
- Living area:9,200 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1982
- Building area:9,200 sq. ft.
Schools
- High school:Escambia
- Middle school:WARRINGTON
- Elementary school:Navy Point
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,650,000
- Price per sq. ft.:$179.35
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