NOT LISTED FOR SALE

7116 Pearson Rd Unit A-H Pensacola, FL 32526

2 Beds
2 Baths
962 Sq Ft
1985 Built

Last Sold August 06, 2021

Last sale price $630,000 $655 Per Sq Ft

22 Days on Market

Highlights

  • Interior Lot
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of August 2021

Investor Alert. 8 unit apartment complex 100% occupied with great rental revenue and a NEW ROOF. 8% cap rate based on using gross rents less fixed expenses using 2021 rates water/sewer, taxes, insurance, trash, and lawn care only. All the units are occupied and up to date on internal repairs. Many of the units have had a new A.C installed in the past year as well. The complex features a mix of upstairs and down stairs units that are all 2 bed 2 baths and roughly 962 SF. The average rent is 780$.The Complex does need new siding around the unit, but other than that is a great income producing property.

Last Agent to Sell the Property

David Keen

REALTY MASTERS Listed on: 05/17/2021

Last Buyer's Agent

Ace Khan

KELLER WILLIAMS REALTY GULF COAST

KELLER WILLIAMS REALTY GULF COAST

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1985

Lot Details

  • Interior Lot

Parking

  • Driveway

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 962 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Sherwood Elementary School
  • Bellview Middle School
  • Pine Forest High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • 8 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, internet
  • Assessor Parcel Number 102S312002002001

Property Details

Home Type

Apartment

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Stories: 2
  • Parcel Number: 102S312002002001
  • Property Type: Residential Income
  • Year Built: 1985
  • Electric: Circuit Breakers
  • Property Sub Type: Apartment
  • Horses: No
  • Subdivision Name: None
  • Directions: FAIRFIELD TO NORTH ON PATRICIA, RIGHT ONTO PEARSON, GO TO THE END OF THE ROAD
  • Building Name: None
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile, Vinyl, Carpet
  • Living Area: 962

Exterior Features

  • Roof: Composition
  • Lot Features: Interior Lot
  • Waterfront Features: None
  • Waterfront: No
  • Foundation Details: Slab

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Schools

  • Elementary School: Sherwood
  • High School: Pine Forest
  • Middle Or Junior School: Bellview

Lot Info

  • Zoning Description: Commercial
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Internet

Multi Family

  • Number Of Units Total: 8
  • Property Net Operating Income: 64380
  • Annual Operating Expense: 18000

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2021 08/06/21 Sold $630,000 -10.0% $655 / Sq Ft
05/17/2021 05/17/21 For Sale $699,999 -- $728 / Sq Ft
Source: Pensacola Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Keen

    Seller's Agent in 2021

    David Keen

    REALTY MASTERS

    (850) 375-7529

    23 in this area

    101 Total Sales

    David Keen
    Section Image
  • Ace Khan

    Buyer's Agent in 2021

    Ace Khan

    KELLER WILLIAMS REALTY GULF COAST

    (850) 748-1365

    27 in this area

    250 Total Sales

    Ace Khan
    Section Image
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Map

Source: Pensacola Association of REALTORS®

MLS Number: 589865

Pensacola Association of REALTORS®
Florida Escambia County Pensacola 32526

7116 Pearson Rd Unit A-H, Pensacola, FL

This home is located at 7116 Pearson Rd Unit A-H, Pensacola, FL 32526 since 17 May 2021. This property was built in 1985. 7116 Pearson Rd Unit A-H is a home located in Escambia County with nearby schools including Sherwood Elementary School, Bellview Middle School, and Pine Forest High School.

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