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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

    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!

    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#: 663489MLS Logo

    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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