Charles Stallions Real Estate Services Inc.

Properties

Residential Income For Sale

705 W Garden St, Pensacola, Florida 32502

QR Code
Property 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.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 650667
Price : $1,990,000
Year Built : 1908
Building Area : 6,540 Sqft
Status : Active
Property SubType : Apartment
Features
Heating System : Wall/window Unit(s)
Cooling System : Gas, Ceiling Fan(s), Wall/window Unit(s), Multi Units
Fence : Back Yard, Chain Link, Full
Patio : Covered, Deck, Covered Deck
Appliances : Dishwasher, Disposal, Refrigerator, Microwave, Dryer, Washer, Water Heater
Electric : Circuit Breakers
Exterior Features : Balcony
Fireplace Features : Two Or More
Flooring : Wood
Lot Features : Central Access
Roof : Shingle
Sewer : Public Sewer
Address Map
State : FL
County : Escambia
City : Pensacola
Zipcode : 32502
Street : 705 W Garden St
Floor Number : 0
Longitude : W88° 46' 30.1''
Latitude : N30° 24' 39.3''
Directions : Located on the South side of Garden Street. Nearest cross street is A street.
Subdivision Name : Maxent Tract
MLS Addon
Office Name : POINTE SOUTH
Agent Name : Aaron Robison
Construction Materials : Brick, Frame, Block
Elementary School : Global Learning Academy
High School : Pensacola
Lease Term : Month To Month
Levels : Two
Agent MlsId : 17187
Office MlsId : PNTS01
MiddleOrJunior School : Workman
New Construction : 1
Number Of Units : 9
Other Structures : Workshop/storage
Residential Income For Sale
  • Listing ID : 650667
$1,990,000
Agent info
Charles Stallions
Charles Stallions Real Estate
Contact Agent