$3,450,000
Pensacola, FL 32506
MLS# 887752
Status: Sold
1 / 11
Property Description
Crow Road Apartments are a Value Add 36 unit multifamily development in Pensacola, FL. This property has received over $743k in capital improvements in the last 24 months and rents are well below market. The Property Management has outlined $120,000 worth of improvements that would allow rents to be raised $13,000 per month. This sale includes nine quadplex garden style buildings with twenty 2/2 and sixteen 2/1 units. This sale includes 290 Crow Rd through 530 Crow Rd excluding #320. Demographics available upon request.
Details
Contract Info
GCCMLS Number: 30779694
Listing Board: Emerald Coast
List Date: 2021-12-08
List Price: $3,650,000
Location, Tax and Legal
Sub Area: 0805 - 32506
Legal Description: BEG AT NE COR OF SEC W ALG N LI OF SEC 50 FT S PARL TO E LI OF SEC 174 FT TO SELY R/W LI CROW RD (50 FT R/W) S 55 DEG 12 MIN 0 SEC W ALG SELY R/W LI 810 04/100 FT TH ALG SD CUR CONC TO SE (R=803 05/100 FT) THRU CENTRAL ANG 10 DEG 41 MIN 26 SEC ARC DIST 149 84/100 FT TO PC CURVATURE TH ALG CUR CONC TO SE (R= 408 87/100 FT) THRU CENTRAL ANG 13 DEG 45 MIN 44 SEC ARC DIST 98 21/100 FT S 30 DEG 44 MIN
General Property Info
Listed on GCCMLS: Yes
Vacant: No
Acreage: 2.43
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: Crow Road Apartments are a Value Add 36 unit multifamily development in Pensacola, FL. This property has received over $743k in capital improvements in the last 24 months and rents are well below market. The Property Management has outlined $120,000 worth of improvements that would allow rents to be raised $13,000 per month. This sale includes nine quadplex garden style buildings with twenty 2/2 and sixteen 2/1 units. This sale includes 290 Crow Rd through 530 Crow Rd excluding #320. Demographics available upon request.
Class
Multi-Family: 1
Construction Status
Existing: 1
Multi-Family
# of Units: 36
None
Current Price: $3,450,000
Status Change Info
Status: Sold
Under Contract Date: 2022-02-07
Sold Date: 2022-05-05
Sold Price: $3,450,000
Location Tax and Legal
Area: 08 - Escambia County
Street #: 260
Street Direction: N
Street Name: Crow
Street Suffix: Road
State: FL
Zip Code: 32506
County: Escambia
Parcel ID: 192S311107000010
Property Features
Class: Multi-Family
Construction Status: Existing
Listing Office: Taylor Allen Properties LLC
Last Updated: October - 13 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
