This 100% occupied fourplex is a highly attractive income property near University Town Plaza in Pensacola. The complex has been run by a professional management company for the last several years and very well maintained. Four long term tenants are in place as this would be a turn-key acquisition. Each unit is 2 bedrooms and 2 bathrooms. Gross income is currently at $31,560, but rent rates need to be updated. Potential Gross income would be $38,400. With Expenses coming in around $8,800, NOI would sit at $29,600. The current owner has moved out of town and would like to invest closer to his hometown.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
