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$625,000   Price Analysis
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481 N Fairfied Dr
Pensacola, FL 32506
Unknown bed 6 bath 640 SqFt ($976/SqFt)
Built 1983
Listed 2024-04-12, Taxes $1,610
Ⓧ USDA Ineligible
due to location

near Pensacola

PRICE REDUCED!!

INVESTOR SPECIAL!! TWO TRIPLEXES - SIX 1BR/1BA UNITS!! This sale includes property addresses 481 and 485 N. Fairfield Dr (two parcels with one triplex on each parcel) formerly 597 N. Fairfield Dr. BRAND BRAND NEW ROOF 2019 on both triplexes. TRIPLEX at 481 N. Fairfield Dr has units A, B and C: UNIT A was renovated 2023, HVAC - 2019, currently rented for $1000; UNIT B is not renovated and is currently rented for $700; UNIT C renovation was completed April 2024 and includes NEW Appliances and Water Heater, HVAC - 2019 and is now rented for $1100 as of May 1, 2024. TRIPLEX at 485 N. Fairfild Dr. has units D, E and F: UNIT D is not renovated and is currently rented for $549 by long term tenant; UNIT E renovation was completed April 2024 and includes NEW Appliances and Water Heater, HVAC - 2019 and is being marketed for rent for $1100 ; UNIT F renovation was completed April 2024 and includes NEW Appliances and Water Heater, HVAC - 2019 and is being marketed for rent for $1100 Both Triplexes share a Water Meter and Lift Station-NEW in 2020. Owner pays for Water/Sewer, Garbage/dumpster and lawn maintenance. The pictures are of a renovated unit, the other renovated units are finished similarly. DON'T WAIT!

SEE THIS OPPORTUNITY TODAY!


Presented by Pete Morgan, Broker-Owner at
Service Matters Realty, Inc.
Listing Agent Photo

Property MLS #643645 from Pensacola

Total Rooms: 4

Total Bathrooms: 6
Full Bathrooms: 6

Electric Water Heater
Built In Microwave
Refrigerator

Cooling Features: Central Air
Heating Features: Central
Heating: Yes

Fencing: Back Yard
Road Responsibility: County Maintained Road

Lot Description: Central Access

Parking Features: 1 Space/Unit

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Myrtle Grove
High School: Escambia
Middle School: Bailey

Escambia High School is a public high school located approximately 1.3 miles away.
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Myrtle Grove Elementary School is a public elementary school located approximately 1.4 miles away.
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Jim C. Bailey Middle School is a public middle school located approximately 7.1 miles away.
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Little Flower Catholic School is a private elementary and middle school located approximately 1.2 miles away.
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Number of Units: 6

Leasable Area Units: Square Feet
Lease Term: 7 to 12 Months, Month To Month
Tenant Pays: Electricity

Source Listing Status: Active
County: Escambia
Directions: From I-110, go West on Fairfield Ave. Just past the intersection with West Jackson St, the triplexes will be on the right (there is no for sale sign). NOTE: The property address was recently changed from 597 N. Fairfield Dr., Pensacola to two separate addresses 481 and 485 N. Fairfield Dr. YOUR NAVIGATION MAY NOT BE UPDATED SO USE 597 N. FAIRFIELD DR. TO GET TO THE PROPERTY.
List Price Low: 625000
Source Property Type: Residential Income
Parcel Number: 192S311102018001
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$89,116
$1,610
2021$69,045 + $11,970
$81,015
$1,497
2020$65,524 + $11,970
$77,494
$1,431
2019$60,004 + $11,970
$71,974
$1,364
2018$57,147 + $11,970
$69,117
$1,344
2017$52,136 + $11,970
$64,106
$1,294
2016$47,068 + $11,970
$59,038
$1,236
2015$46,235 + $11,970
$58,205
$1,162
2014$unknown + $unknown
$56,250
$1,055
2013$unknown + $unknown
$53,744
$1,075
2012$unknown + $unknown
$60,707
$1,193
2011$unknown + $unknown
$69,813
$1,323
2010$unknown + $unknown
$70,518
$1,322
2009$unknown + $unknown
$74,851
$1,390
2008$unknown + $unknown
$84,342
$1,526
2007$unknown + $unknown
$86,320
$1,646

Price Changed 2024-05-23
$625,000
Pensacola
Listed 2024-04-12
$650,000
Pensacola
Sold 1991-12-01
$77,000
Public Record
Sold 1990-11-01
$36,800
Public Record

Net Operating Income: 60368
Operating Expense: 6220

Total Square Feet Living: 640
Year Built: 1983
Building Area Total: 3840
Building Area Units: Square Feet
Construction Materials: Frame
Foundation Details: Slab
Levels: One
Living Area Units: Square Feet
Property Age: 41
Property Condition: Resale
Roof: Shingle

Electric: Circuit Breakers, Copper Wiring
Sewer: Public Sewer
Water Source: Public
Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.