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1007 W Wright St - Residential Assisted Living Facility 1,892 SF Specialty Building Offered at $552,480 CAD at a 8.24% Cap Rate in Pensacola, FL 32501
Investment Highlights
- Fully certified and inspected Residential Assisted Living Facility.
- Prime Pensacola location minutes from vibrant downtown amenities.
- Reliable tenant with 7 residents and renewal option.
Executive Summary
Residential Assisted Living Facility For Sale
Unique investment potential minutes from Downtown Pensacola! This property is a prime commercial opportunity, meticulously converted into an active Residential Assisted Living Facility (RAL), and inspected and certified by the State of Florida. Achieving this certification involved passing rigorous inspections, ensuring compliance with commercial fire alarms, sprinklers, and a backup generator.
The interior features an open living and dining area filled with natural light, and two fully updated bathrooms designed for wheelchair accessibility, ensuring comfort and convenience for all residents. The freshly renovated kitchen with granite countertops and all new appliances, and a generator, all come with the property. The furniture belongs to the tenant, simplifying the transition for potential new owners. The manageable yet spacious backyard provides ample room for further customization. Located close to Downtown Pensacola, this property enjoys easy access to all the vibrant amenities the area has to offer.
The property comes with a newly-signed two-year lease, with the option for renewal. Annual increases of 3% are built into the lease.
NOI $39,600
Cap Rate 9%
Contact Dean Cooledge at 850-736-9330 for more information.
Unique investment potential minutes from Downtown Pensacola! This property is a prime commercial opportunity, meticulously converted into an active Residential Assisted Living Facility (RAL), and inspected and certified by the State of Florida. Achieving this certification involved passing rigorous inspections, ensuring compliance with commercial fire alarms, sprinklers, and a backup generator.
The interior features an open living and dining area filled with natural light, and two fully updated bathrooms designed for wheelchair accessibility, ensuring comfort and convenience for all residents. The freshly renovated kitchen with granite countertops and all new appliances, and a generator, all come with the property. The furniture belongs to the tenant, simplifying the transition for potential new owners. The manageable yet spacious backyard provides ample room for further customization. Located close to Downtown Pensacola, this property enjoys easy access to all the vibrant amenities the area has to offer.
The property comes with a newly-signed two-year lease, with the option for renewal. Annual increases of 3% are built into the lease.
NOI $39,600
Cap Rate 9%
Contact Dean Cooledge at 850-736-9330 for more information.
Property Facts
| Price | $552,480 CAD | Building Class | C |
| Price Per SF | $292.01 CAD | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 1,892 SF |
| Cap Rate | 8.24% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1938/2023 |
| Property Subtype | Residential Income | Parking Ratio | 0.53/1,000 SF |
| Zoning | R-1A - Low-density single-family residential development intended for single-family homes with low density and larger lot sizes than higher density. | ||
| Price | $552,480 CAD |
| Price Per SF | $292.01 CAD |
| Sale Type | Investment |
| Cap Rate | 8.24% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 1,892 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1938/2023 |
| Parking Ratio | 0.53/1,000 SF |
| Zoning | R-1A - Low-density single-family residential development intended for single-family homes with low density and larger lot sizes than higher density. |
Amenities
- Property Manager on Site
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00-0S-00-9080-004-020 | Improvements Assessment | $206,806 CAD |
| Land Assessment | $57,912 CAD | Total Assessment | $264,719 CAD |
Property Taxes
Parcel Number
00-0S-00-9080-004-020
Land Assessment
$57,912 CAD
Improvements Assessment
$206,806 CAD
Total Assessment
$264,719 CAD
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1007 W Wright St - Residential Assisted Living Facility
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