705 W Garden St Active Save Request In-Person Tour Request Virtual Tour
Pensacola,FL 32502
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,540 sqft
Price per Sqft $304
Subdivision Maxent Tract
MLS Listing ID 650667
Year Built 1908
Property Description
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.
Location
State FL
County Escambia
Zoning Commercial
Rooms
Other Rooms Workshop/Storage
Kitchen Desk
Interior
Heating Wall/Window Unit(s)
Cooling Ceiling Fan(s),Multi Units,Gas,Wall/Window Unit(s)
Flooring Wood
Fireplaces Type Two or More
Exterior
Exterior Feature Balcony
Fence Back Yard,Chain Link,Full
View Y/N No
Roof Type Shingle
Building
Lot Description Central Access
Story 2
Structure Type Block,Brick,Frame
New Construction No