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509 N L St, 
Pensacola, FL 32505

$474,900

Bed


4

Baths


4,121

Sq Ft


Multi-Family

Active

Listed by

Allison Brandt

Levin Rinke Realty

Last updated:

December 4, 2024, 03:42 PM

MLS#

655782

Source:

FL PMLS

Street View
About This Home
509 N L St

Incredible Investment Opportunity in a Prime Location! This well-maintained, brick and vinyl triplex offers an excellent chance to own a multi-family, income-producing property in a fantastic location, just minutes from the Navy Base, hospitals, shopping, and Downtown Pensacola. Featuring two spacious 3-bedroom/2-bath units (approximately 1,450 sq. ft. each) and one 2-bedroom/2-bath unit (approximately 1,225 sq. ft.), each unit is equipped with front and back entrances, inside utility rooms with wash tubs, and ample pantry space, providing added functionality and comfort. The expansive, fenced backyard offers privacy and room for future expansion, including an outbuilding on the lot with water and power connections, making it a potential 4th rental unit or a bonus storage area. Each unit boasts large master bedrooms, vinyl, tile, and carpet flooring, and included kitchen appliances. Unit A is currently rented month-to-month, while Unit B is occupied by the owner. Unit C, currently used as a furnished Airbnb, adds immediate short-term rental income potential. This property features numerous recent updates, including a brand-new roof installed in 2023. Additional amenities include washer/dryers in Units A and C, separate electric meters, and a large parking area for 6 cars! With plenty of opportunities to further improve and maximize rental income, this triplex is a fantastic investment. The large lot size and low-maintenance exterior make this property stand out. Many items in the yard and outbuildings convey with the sale, offering even more value. Don’t miss this chance to own a ready-to-rent property with significant income potential and room to grow! Call today to schedule your showing.

Home Facts

Multi-Family

4 Baths

Built in 1996

Price Summary

474,900

$115 per Sq. Ft.

MLS #:

655782

Last Updated:

December 4, 2024, 03:42 PM

Added:

13 day(s) ago


Rooms & Interior
Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure
Structure

Building Area:

4,121 Sq. Ft.

Year Built:

1996


Finances & Disclosures
Finances

Price:

$474,900

Price per Sq. Ft:

$115 per Sq. Ft.

Source:FL PMLS
The information being provided by Pensacola Association of Realtors is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Pensacola Association of Realtors. Levin Rinke Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Levin Rinke Realty, a broker participant of Pensacola Association of Realtors. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Pensacola Association of Realtors and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2024 Pensacola Association of Realtors. All rights reserved.
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