260 N Crow Road, Pensacola, FL 32506 (MLS# 887752)

260 N Crow Road, Pensacola, FL 32506

$3,450,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 105,851 Status: Sold

Current Price: $3,650,000 List Date: 12/21/2021 Last Modified: 10/13/2024

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.

More Information MLS# 887752

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.