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: $3,450,000 List Date: 12/21/2021 Last Modified: 10/13/2024

Overview

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.

Listing Details MLS# 887752

Status Change Info

Under Contract Date
2022-02-07
Sold Date
2022-05-05

Contract Info

GCCMLS Number
30779694
Listing Board
Emerald Coast

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

General Property Info

Listed on GCCMLS
Yes
Vacant
No
Acreage
2.43

Multi-Family

# of Units
36

More Information

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

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
Yes

Construction Status

Existing
Yes

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.

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