1. Florida
  2. Pensacola
  3. 5820 Sanders Ave
$2,250,000/mo

5820 Sanders Ave, Pensacola, FL 32504

  • 20,624 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1972
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $109/sqft
  • Property List Date Icon Listed 1 month ago

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!

Listing Status:
Active
Listing Office:
homecoin.com : 888-400-2513
Listing Agent:
Jonathan Minerick :
MLS ID:
663489
  • Appliances: DryerBuilt In MicrowaveRefrigerator
  • A/C: Ceiling Fan(s)Multi Units
  • Heating: None

This listing courtesy of Jonathan Minerick, homecoin.com

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Reinhardt Holm Elementary School

6101 Lanier Dr, Pensacola, FL, 32504

Grades PK-5

0.37 miles away

W

Workman Middle School

6299 Lanier Dr, Pensacola, FL, 32504

Grades 6-8

0.29 miles away

W

Washington High School

6000 College Pkwy, Pensacola, FL, 32504

Grades 9-12

0.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.