Active

705 W Garden St

Pensacola FL, 32502

$1,990,000


$304.28 per sqft

Active

6,540 sqft

Condo

Built in 1908

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.

650667

MLS ID

August 14, 2024

Listed

September 16, 2024

Updated

Map

705 W Garden St
Pensacola FL, 32502

Interior Features

Total Stories

2


Appliances

Water Heater, Dryer, Washer, Dishwasher, Disposal, Microwave, Refrigerator


Floor Description

Wood


Fireplace

Yes


Fireplace Description

Two or More


Cooling

Yes


Cooling Description

Ceiling Fan(s), Multi Units, Gas, Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall/Window Unit(s)

Exterior/Building Features

Exterior Features

Balcony


Lot Features

Central Access


Roof

Shingle


Sewer

Public Sewer

School Information

High School

Pensacola


Elementary School

Global Learning Academy

Other Property Details

Days on Market

33


Garage

No


View

No


County

Escambia


Pool

No

 

Courtesy of POINTE SOUTH, Aaron Robison,
Listing Contact:  

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Last updated 9/16/2024 10:43 PM UTC

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