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4108 Kelly Ave - Multi Family 3 Unit Apartment Building Offered at $289,000 Pensacola, FL 32505
Executive Summary
Investor Opportunity - Three Homes on One Parcel with HDMU Zoning! Rare chance to own three separate single-family residences situated on one county parcel zoned HDMU, all with established tenants in place. Metal roofs are only 5 years old & HVAC units all updated in 2024. Unit 1 (Front Home) 3 bedrooms | 1 full bath | 1,144 sq ft | Currently rented for $850/month. Unit 2 (Rear Left) 2 bedrooms | 1 full bath | 866 sq ft | Currently rented for $600/month. Unit 3 (Rear Right) 2 bedrooms | 1 full bath | 840 sq ft | Currently rented for $700/month. Total current monthly rental income: $2,150. All tenants are on month to month leases. The shaded lot sits across from a holding pond, offering a pleasant setting with mature trees
Property Facts
| Price | $289,000 | Building Size | 2,752 SF |
| Price Per Unit | $96,333 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 3 | Year Built | 1954 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | HDMU - HDMU Permitted Uses: Includes residential, retail sales, services, public/civic, recreation/entertainment, and some industrial/agricultural. | ||
| Price | $289,000 |
| Price Per Unit | $96,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 2,752 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1954 |
| Opportunity Zone |
Yes |
| Zoning | HDMU - HDMU Permitted Uses: Includes residential, retail sales, services, public/civic, recreation/entertainment, and some industrial/agricultural. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $850.00 | 1,144 |
| 2+1 | 5 | $650.00 | 840 - 866 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
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4108 Kelly Ave - Multi Family
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