705 W Garden St
Pensacola, FL 32502
6540 sqft | #650667
Description
Looking for a great and unique investment opportunity? Look no further! This incredible historic home in downtown has been lovingly renovated into nine private apartments surrounded by gardens and patios and within walking distance of Palafox Street. This home is a perfect blend of classic charm with modern amenities. Apartments feature wood floors, tiled baths, stained glass, transom lights, some with gas/electric fireplaces, and beautiful woodworking including board and beam ceilings in some of the units. Units vary in size from studio apartments (3), one bedroom suites (5) and one very beautiful and spacious three bedroom two bath apartment. Eight of the nine apartments fully restored and functioning as very successful short term rentals. The projected 20% ROI based on 2023 numbers makes it even more attractive. Plus, the artisan brickwork and surrounding gardens add significant curb appeal, enhancing its overall value.
Property Details
- Lot DescriptionCentral Access
- Exterior MaterialsBalcony
Measurements
- Square Feet6540
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1908
Utilities / Energy Details
- Sewer InformationPublic Sewer
Community and Neighborhood Details
- SubdivisionMaxent Tract
Location
- Elementary SchoolGlobal Learning Academy
- High SchoolPensacola
- CountyEscambia
- Middle SchoolWorkman
Financial Details
- Original List Price$1,990,000
Other
- MLS #650667
Location
Legal
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Last Updated: . Source: PAR (FL)
Listing Courtesy
Listing Agent: Aaron Robison (#17187)
Listing Office: POINTE SOUTH (#PNTS01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
