Perdido Manor — Sale in Pensacola, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Pensacola, FL 32506

Investment Figures

Cap rate
6.52%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is proud to present Perdido Manor Apartments, a 16-unit multifamily investment opportunity located in Pensacola. This well-maintained asset features eight one-bedroom/one-bath units and eight two-bedroom/one-bath units, offering a balanced and highly leasable unit mix. Originally constructed in 1948, Perdido Manor has undergone extensive capital improvements over the past 24 months and is in excellent overall condition. Fourteen of the sixteen units have been substantially renovated with modern, high-demand finishes, including granite countertops, stainless steel appliances, new cabinetry, luxury vinyl plank flooring throughout, new mini-split HVAC systems, and fully updated bathrooms with new vanities and tiled showers. The remaining two units present a clear value-add opportunity for new ownership. By completing renovations consistent with the upgraded units, an investor can further enhance rental income and overall asset value, driving additional cash flow and long-term appreciation. Perdido Manor is located in Pensacola, Florida, a city in the panhandle area of Florida. Pensacola is a vibrant Gulf Coast city that blends rich history, a strong workforce, and an exceptional quality of life. Known as the “City of Five Flags,” Pensacola offers a diverse and growing economy supported by key industries such as aerospace and defense, healthcare, education, tourism, and maritime services. Major employers in the region include Naval Air Station Pensacola, Baptist Health Care, Sacred Heart Health System, and University of West Florida, all of which contribute to a stable employment base. Pensacola benefits from a skilled and dependable labor force, supported by local colleges, technical institutions, and military-trained professionals transitioning into civilian careers. The area maintains a business-friendly climate with competitive operating costs, no state income tax, and access to regional and international markets through its port and transportati

Market Context

This multifamily in Pensacola, FL is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Pensacola, FL — view the full market.

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