Homes for sale - 1843 San Dollar Cir, Pensacola, FL 32504

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IXL Real Estate Pensacola

850homesearch@gmail.com +1(251) 254-2272

Listed by Matthew Jones • KELLER WILLIAMS REALTY GULF COAST

$ 450,000

Est. payment | -/mo

6 Beds

3 Baths

2,760 SqFt

Save

$ 450,000

Est. payment | -/mo

Save

6 Beds

3 Baths

2,760 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,760 sqft

Price per Sqft $163

Subdivision San Dollar

MLS Listing ID 661600

Bedrooms 6

Full Baths 3

HOA Y/N No

Originating Board Pensacola MLS

Year Built 1984

Property Sub-Type Triplex

Property Description

This centrally located triplex in Pensacola, Florida, offers a strong value-add opportunity for investors. Conveniently situated at the end of a cul-de-sac near shopping, dining, and major roadways, the property consists of three 2-bedroom, 1-bathroom units, each approximately 920 square feet. All units are currently occupied with leases ending in August, October, and December of this year. The current monthly rental rates are as follows: Unit 1843 rents for $1,250, Unit 1845 rents for $1,195, and Unit 1847 rents for $1,000, totaling $3,445 in monthly income. The estimated market rent for each unit is approximately $1,300 to $1,325 per month, presenting significant upside potential as leases turn over. The building features a new roof installed in 2022 and a covered front porch that spans the entire front of the property. Each unit has its own designated parking, backyard, washer and dryer connections, and access to a dedicated storage space in a detached storage building. These storage spaces are not currently monetized but could offer additional revenue. Unit 1843 was remodeled in 2022, and its HVAC system was replaced in 2023 with a unit that includes a transferable 10-year warranty. Unit 1845 was remodeled in 2021, with its HVAC system also replaced in 2023 and under the same warranty. Unit 1847 is currently rented below market value, providing immediate room for increased cash flow upon lease renewal. Tenants pay all utilities. This is an excellent opportunity for investors seeking a well-maintained, income-producing asset with clear potential for rent growth and additional revenue streams.

Location

State FL

County Escambia

Zoning Res Multi

Rooms

Other Rooms Workshop/Storage

Kitchen Laminate Counters

Interior

Interior Features Baseboards, Ceiling Fan(s), Office/Study

Heating Multi Units, Central

Cooling Ceiling Fan(s), Multi Units, Central Air

Appliance Water Heater, Electric Water Heater, Dishwasher, Freezer, Refrigerator

Exterior

Parking Features Driveway

Fence Cross Fenced, Partial, Privacy

Utilities Available Cable Available

View Y/N No

Roof Type Shingle,Gable

Garage No

Building

Lot Description Cul-De-Sac

Faces From Creighton Rd: Turn South on Lanier Dr, take your first left onto San Dollar Cir. This triplex is in the center at the end of the cul-de-sac.

Story 1

Water Public

Structure Type Frame

New Construction No

Others

Tax ID 311S302050000009

Pets Allowed Yes

IXL Real Estate Pensacola

+1(251) 254-2272

1843 San Dollar Cir Pensacola, FL 32504

IXL Real Estate Pensacola

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1843 San Dollar Cir