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Listed by Matthew Jones • KELLER WILLIAMS REALTY GULF COAST

$825,000

Est. payment - /mo

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6 BD

6 BA

4,173 SqFt

Active

1224 E Strong St Pensacola, FL 32501

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Rika Edge

rikaedge@epique.me +1(850) 292-9327

UPDATED:

01/10/2025 07:38 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,173 sqft

Price per Sqft $197

Subdivision New City Tract

MLS Listing ID 657113

Bedrooms 6

Full Baths 6

HOA Y/N No

Originating Board Pensacola MLS

Year Built 1918

Property Description

This historic East Hill property had the original home, prior to additions, built in 1918. It has since transformed into a charming income property with five apartments and three rentable storage/garage spaces. Its desirable R2 zoning (residential/office) allows for multiple uses with excellent redevelopment potential (up to eight residential units). There is also potential to convert the existing garage/shed into additional living space. It is conveniently located only one block from the 12th Ave Publix and less than 2 miles from downtown Pensacola. This prime location is ideal for both short and/or long-term rentals. Each of the five units has a different floor plan. Bedroom/bath counts include: one 2/2, one 2/1, two 1/1, and one studio with vaulted ceilings. The 2/2 also includes a private fenced backyard. Interior finishes showcase various original trim and moldings, vintage doors and hardware, heart pine hardwood floors, two clawfoot tubs, high ceilings, decorative fireplaces, and a wrap-around front porch. Each apartment is individually metered for electric. Therefore, the owner covers water, sewer, trash, and an electric for both the exterior lighting and coin operated common laundry that is shared between units A-D. Unit E has a private laundry room in the unit. Additional income growth potential exists for the coin-operated laundry. Key updates enhancing the value and appeal consist of new roofs for the main structure and garage in 2021 and predominantly newer HVACs which are solely central heat and air. All plumbing and electrical systems have been completely upgraded. Unit B was completely remodeled in 2023 with new K&B cabinets, countertops, floorcovering, paint, etc. And rarely do income properties in this location offer (2) parking spaces per unit onsite. Both old world charm and functionality make this well-maintained property a uniquely attractive income opportunity - additional details are available upon request.

Location

State FL

County Escambia

Zoning Res Multi

Rooms

Other Rooms Workshop/Storage

Kitchen Laminate Counters, Pantry

Interior

Interior Features Ceiling Fan(s), Vaulted Ceiling(s)

Heating Multi Units, Central, Fireplace(s)

Cooling Ceiling Fan(s), Multi Units, Central Air

Flooring Hardwood, Tile, Carpet

Fireplace true

Appliance Water Heater, Electric Water Heater, Dryer, Washer, Dishwasher, Refrigerator

Exterior

Exterior Feature Fire Pit

Parking Features 2 Space/Unit, Detached

Fence Back Yard

Pool None

Utilities Available Cable Available

Waterfront Description None

View Y/N No

Roof Type Shingle

Garage No

Building

Lot Description Corner Lot

Faces From 12th Ave: Turn East on E Strong St, property will be on your left.

Story 2

Water Public

Structure Type Frame

New Construction No

Others

Tax ID 000S009025011126

Special Listing Condition As Is

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Rika Edge

Agent | License ID: 3576477

+1(850) 292-9327

1224 E Strong St Pensacola, FL 32501

Rika Edge

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1224 E Strong St