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5820 Sanders Ave, 
Pensacola, FL 32504

$2,450,000

—

Bed

—

Bath

20,624

Sq Ft

Multi-Family

Active

Listed by

Jonathan Minerick

Homecoin.Com

Last updated:

May 1, 2025, 02:47 PM

MLS#

663489

Source:

FL PMLS

About This Home

5820 Sanders Ave

Sanders Apartments offers an incredible investment opportunity with all 21 units completely remodeled over the past 5 years. Major upgrades include new roofs on the two large buildings in 2022, and on the four duplexes in 2024. Additional improvements in 2024 include brand-new fencing and a freshly paved parking lot, ensuring the property looks as good as it performs. Professionally managed by a local property management company, Sanders Apartments has maintained an impressive 100% occupancy rate for the past 5 years, generating a strong gross income of $24,300 per month. Located in a high-demand area, this property combines modern updates, consistent income, and a prime location—truly a can't-miss opportunity!

Home Facts

Multi-Family

Built in 1972

Price Summary

2,450,000

$118 per Sq. Ft.

MLS #:

663489

Last Updated:

May 1, 2025, 02:47 PM

Added:

3 day(s) ago

Structure

Structure

Building Area:

20,624 Sq. Ft.

Year Built:

1972

Finances & Disclosures

Finances

Price:

$2,450,000

Price per Sq. Ft:

$118 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. Homecoin.Com is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Homecoin.Com, 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 2025 Pensacola Association of Realtors. All rights reserved.

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