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668 72nd Ave, 
Pensacola, FL 32506

$1,650,000


Bed


12

Baths


9,200

Sq Ft


Multi-Family

Active

Listed by

Michelle Downey

Mark Downey

Mark Downey & Associates, Inc.

Last updated:

July 15, 2025, 06:06 PM

MLS#

667452

Source:

FL PMLS

About This Home

668 72nd Ave

MORE PICTURES COMING SOON!! 3 Quadraplex Units (12 total units) with income in the range of $180,000 annually w/ potential for more * Most units have been updated with some having major updates or modifications to make them more desirable and modern, not to mention many new features like roofs, a/c units, etc. * We have a pdf attached to this listing that details the rent being collected on each unit...leases will be provided upon an offer being made * All units are currently under strict, lawyer-executed leases with each tenant paying a "utility fee" monthly that adds to the overall profitability of the overall complex * Please see a copy of the map that shows what is owned - but essentially you will own 3/4 of the cul-de-sac, including the private parking lot which has been recently completely paved and is in excellent condition. * There is an additional vacant lot in the complex that is owned by the Listing Broker and can be purchased separately, or part of the transaction, should the buyer so choose to purchase - the zoning can easily be changed to allow the Buyer to build up to a 10 story building with approx 40 units total! Or simply build a 2-3 story building with another 8-12 units. The addtl lot can be purchased for $75k. *** 2 of the quads (8 units) have 1 BR / 1 BA units with 1 quad (4 units) having 2 BR / 1 BA units. * The 1 BR units rent for almost as much as the 2 BR meaning one can probably raise the rents on the 2 BR units.

Home Facts

Multi-Family

12 Baths

Built in 1982

Price Summary

1,650,000

$179 per Sq. Ft.

MLS #:

667452

Last Updated:

July 15, 2025, 06:06 PM

Added:

9 day(s) ago


Rooms & Interior

Bathrooms

Total Bathrooms:

12

Full Bathrooms:

12


Structure

Structure

Building Area:

9,200 Sq. Ft.

Year Built:

1982


Finances & Disclosures

Finances

Price:

$1,650,000

Price per Sq. Ft:

$179 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. Mark Downey & Associates, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Mark Downey & Associates, Inc., 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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