Pensacola, FL 32504,5820 Sanders Ave
Pensacola, FL 32504,5820 Sanders Ave
Pensacola, FL 32504,5820 Sanders Ave
Pensacola, FL 32504,5820 Sanders Ave
Pensacola, FL 32504,5820 Sanders Ave
Pensacola, FL 32504,5820 Sanders Ave
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Listed by Jonathan Minerick • homecoin.com
Bought with Outside Area Selling Agent • PAR Outside Area Listing Office

$1,955,000

$2,250,000

13.1%
Est.Price: ?

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Est. payment /mo

20,624 SqFt


SOLD DATE : 08/05/2025

Key Details

Sold Price $1,955,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 20,624 sqft

Price per Sqft $94

Subdivision Abb

MLS Listing ID 663489

Sold Date 08/05/25

HOA Y/N No

Year Built 1972

Property Sub-Type Apartment

Source Pensacola MLS

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!

Location

State FL

County Escambia - Fl

Interior

Heating None

Cooling Ceiling Fan(s), Multi Units

Appliance Dryer, Built In Microwave, Refrigerator

Exterior

Exterior Feature Rain Gutters

Fence Back Yard

View Y/N No

Roof Type Composition

Building

Faces Near Hospital off Hwy 110 in Pensacola

Story 1

Structure Type Brick

New Construction No

Others

Tax ID 311S301901205006

Special Listing Condition As Is

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