Sanders Apartments offers an incredible investment opportunity with all 20 units completely remodeled over the past 5 years. Major upgrades include new roofs on the two large buildings in 2022, and on the four duplexes in 2024. Additional improvements in 2024 include brand-new fencing and a freshly paved parking lot, ensuring the property looks as good as it performs. Professionally managed by a local property management company, Sanders Apartments has maintained an impressive 100% occupancy rate for the past 5 years, generating a strong gross income of $24,300 per month. This property combines modern updates, consistent income, and a prime location—truly a can't-miss opportunity!
Sold for $1,955,000 on 08/05/25
$1,955,000
5820 Sanders Ave, Pensacola, FL 32504
--beds
--baths
20,624sqft
Apartment
Built in 1972
-- sqft lot
$-- Zestimate®
$95/sqft
$1,917 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 05, 2025 at 01:14pm
Listed by:
Jonathan Minerick,
homecoin.com
Bought with:
Outside Area Selling Agent
PAR Outside Area Listing Office
Source: PAR,MLS#: 663489

Facts & features
Interior
Heating
- None
Cooling
- Ceiling Fan(s), Multi Units
Appliances
- Included: Dryer, Built In Microwave, Refrigerator
Features
- Has basement: No
Interior area
- Total structure area: 20,624
- Total interior livable area: 20,624 sqft
Property
Features
- Levels: One,Two
- Stories: 1
- Exterior features: Rain Gutters
- Fencing: Back Yard
Details
- Parcel number: 311s301901205006
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Brick
- Roof: Composition
Condition
- Year built: 1972
Utilities & green energy
- Electric: Aluminum Wiring
Community & neighborhood
Location
- Region: Pensacola
- Subdivision: Abb
Services availability

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