Cash Cow
7706 W Fairfield Drive, Pensacola, FL
12.95% return
SP:
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Property Description

Awesome cash-flow!

Total of 18 rental apartment units, two locations. Property needs TLC and new management. Will easily rent to veteran (VA) residents who have stable monthly income from the government. This property will generate a steady 13% net return on investment! 

If you are looking for a solid rental property then this one is for you. Please drive by only and do not disturb the tenants.

Property Information

  • Listing statusActive
  • Property typeMulti Family (2 properties)
  • Total units18
  • Total bedrooms21
  • Total bathrooms18
  • Building size9399 sq. ft.
  • Lot size0.6 acres
  • Year built1955 - 1982
  • CountyEscambia County
  • Subdivision
  • ConstructionFrame, CBS
  • RoofShingle, Flat
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWindow Unit
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $799,900
  • Estimated rehab 1 $50,000
  • Total investment $849,900
  • Type Proforma
  • Gross income (annually) $137,400
  • Operating expenses (annually) $27,307
  • Net income (annually) $110,093
  • Gross return 16.17%
  • Gross income (monthly) $11,450
  • Operating expenses (monthly) $2,276
  • Net income (monthly) $9,174
  • Net return 12.95%

Property Income & Expenses

  • Income
  • 3101 W Mallory Street, House #1
  • Unit 7: 2 bed / 1 bath $750/month $9,000/year
  • 3101 W Mallory Street, House #2
  • Unit 8: 2 bed / 1 bath $700/month $8,400/year
  • 3101 W Mallory Street, House #3
  • Unit 9: 2 bed / 1 bath $700/month $8,400/year
  • 3101 W Mallory Street, Triplex #1
  • Unit 1: 1 bed / 1 bath $650/month $7,800/year
  • Unit 2: 1 bed / 1 bath $650/month $7,800/year
  • Unit 3: 1 bed / 1 bath $650/month $7,800/year
  • 3101 W Mallory Street, Triplex #2
  • Unit 4: 1 bed / 1 bath $650/month $7,800/year
  • Unit 5: 1 bed / 1 bath $650/month $7,800/year
  • Unit 6: 1 bed / 1 bath $650/month $7,800/year
  • 7706 W Fairfield Drive, Triplex #1
  • Unit 107: 1 bed / 1 bath $600/month $7,200/year
  • Unit 108: 1 bed / 1 bath $600/month $7,200/year
  • Unit 109: 1 bed / 1 bath $600/month $7,200/year
  • 7706 W Fairfield Drive, Triplex #2
  • Unit 104: 1 bed / 1 bath $600/month $7,200/year
  • Unit 105: 1 bed / 1 bath $600/month $7,200/year
  • Unit 106: 1 bed / 1 bath $600/month $7,200/year
  • 7706 W Fairfield Drive, Triplex #3
  • Unit 101: 1 bed / 1 bath $600/month $7,200/year
  • Unit 102: 1 bed / 1 bath $600/month $7,200/year
  • Unit 103: 1 bed / 1 bath $600/month $7,200/year
  • Total $11,450/month $137,400/year
  • Expenses
  • Property Taxes $501/month $6,007/year
  • Insurance $525/month $6,300/year
  • Waste Collection $300/month $3,600/year
  • Water and Sewer $400/month $4,800/year
  • Pest Control $50/month $600/year
  • Maintenance reserve $500/month $6,000/year
  • Total $2,276/month $27,307/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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