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1111 Polk Ave, Pensacola, FL 32507

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For Sale

$279,000

638 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $437.30
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Brick triplex with three one bedroom units. Each unit has 638 sqft with a nicely sized kitchen open to the living room and a dining area off to the side. The bedroom has a walk-in closet. Each unit has a covered back patio and a utility room with washer/dryer hookups. There is a wide paved driveway 3 cars wide and 2 - 3 cars deep. The neighborhood has seen a lot of new construction including a couple of very nice houses directly next door. The owner just paid for a roof coating which has a no leak warranty for 5 years. There is a nature reserve a short walk away at the end of the road with a long raised walk path. The Navy Point water front area and boat ramp are only a few minutes drive away. All three units are currently rented. Two are under a lease and one month-to-month. One of the units has been freshly renovated and rents for $995/month. The other two units rent for $875 & $700. These could easily be raised to the $995/month amount but would require some cosmetic upgrades. The water, sewer, & trash is currently paid by the owner. Utilities averaged $244/month for all three units total in 2024. The owner also provides lawncare which averaged $73/month for 2024.The interior pictures are from the $995 newly painted etc unit. Please do not disturb tenants. All showings are with appointment only with at least 24 hours notice. More notice may be required to arrange the showing of all three units.
MLS# 672271

Courtesy Of First Town Properties LLC

(850) 316-8700

Property Features

  • Age
    41-50 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 1111 Polk Ave, Pensacola, FL 32507

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Copyright © 2025 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.