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Golf Club Villas 2303 W Michigan Ave 12 Unité Immeuble d’appartements 1 721 375 $ CAD (143 448 $ CAD/Unité) 7,25% Taux de capitalisation Pensacola, FL 32526
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Faits saillants de l'investissement
- In-place rents average $1,140 vs. market rents of $1,250 — ~10% mark-to-market upside
- Offered at $104,167/unit and $91.03/SF, below sales comp average of $112,700/unit
- Greater Pensacola market: 538,000+ population, 5.5% multifamily vacancy, 36% renter-occupied
- All 12 units are 2BR/2BA at 100% occupancy — simple, highly rentable operating profile
- Year 3 stabilized NOI of approximately $110,325 as operations are optimized
Résumé de l'annonce
12-unit, all 2BR/2BA multifamily in West Pensacola. 100% occupied, below-market rents, single-floorplan operating profile. Offered at $1,250,000 ($104,167/unit, $91.03/SF gross).
INVESTMENT SUMMARY
Price: $1,250,000
Price/Unit: $104,167
Price/SF: $91.03 (13,732 SF gross / 12,852 SF rentable)
Units: 12, all 2BR/2BA
Year Built: 1995
Occupancy: 100%
Avg Rentable SF/Unit: 1,071
Current Avg Rent: $1,140 | Market Rent: $1,250
Year 1 Adjusted Cap: 7.25%
Year 3 Stabilized Cap: 8.83%
THE OPPORTUNITY
Golf Club Condos pairs in-place cash flow with a clear mark-to-market path. Rents average $1,140 against market of $1,250, roughly 10% below where comparable 2BR/2BA product leases. Area comps average about $1.26/SF versus the property's $1.06/SF, so renewals and turnover carry upside without heavy capital. The all-2/2 mix keeps operations simple and supports strong retention. The property has a mix of renovated and non-renovated units, so remaining classic units offer a straightforward renovate-and-lift path as they turn.
NOI grows from a a Year 1 adjusted $90,576 and a Year 3 stabilized $110,325 as rents reach market.
LOCATION
Fronts the W Michigan Ave corridor (about 35,000 vehicles/day) with direct access to I-10, Pensacola International Airport (about 5 miles, 16,200+ employees), downtown Pensacola, and NAS Pensacola. Steady year-round demand from military personnel, commuters, and long-term residents. Nearby retail includes Cordova Mall, Publix, Walmart Neighborhood Market, and Lowe's.
CONTACT
Gabriel Pena, AVP | (954) 204-0115 | gabriel.pena@matthews.com | FL Lic. SL3492043
Austin Graham, FVP | (404) 445-1091 | austin.graham@matthews.com | GA Lic. 408272
Kyle Matthews, Broker of Record | FL Lic. BK3554632 | Firm CQ1066435
INVESTMENT SUMMARY
Price: $1,250,000
Price/Unit: $104,167
Price/SF: $91.03 (13,732 SF gross / 12,852 SF rentable)
Units: 12, all 2BR/2BA
Year Built: 1995
Occupancy: 100%
Avg Rentable SF/Unit: 1,071
Current Avg Rent: $1,140 | Market Rent: $1,250
Year 1 Adjusted Cap: 7.25%
Year 3 Stabilized Cap: 8.83%
THE OPPORTUNITY
Golf Club Condos pairs in-place cash flow with a clear mark-to-market path. Rents average $1,140 against market of $1,250, roughly 10% below where comparable 2BR/2BA product leases. Area comps average about $1.26/SF versus the property's $1.06/SF, so renewals and turnover carry upside without heavy capital. The all-2/2 mix keeps operations simple and supports strong retention. The property has a mix of renovated and non-renovated units, so remaining classic units offer a straightforward renovate-and-lift path as they turn.
NOI grows from a a Year 1 adjusted $90,576 and a Year 3 stabilized $110,325 as rents reach market.
LOCATION
Fronts the W Michigan Ave corridor (about 35,000 vehicles/day) with direct access to I-10, Pensacola International Airport (about 5 miles, 16,200+ employees), downtown Pensacola, and NAS Pensacola. Steady year-round demand from military personnel, commuters, and long-term residents. Nearby retail includes Cordova Mall, Publix, Walmart Neighborhood Market, and Lowe's.
CONTACT
Gabriel Pena, AVP | (954) 204-0115 | gabriel.pena@matthews.com | FL Lic. SL3492043
Austin Graham, FVP | (404) 445-1091 | austin.graham@matthews.com | GA Lic. 408272
Kyle Matthews, Broker of Record | FL Lic. BK3554632 | Firm CQ1066435
Faits sur la propriété
| Prix | 1 721 375 $ CAD | Classe d’immeuble | C |
| Prix par unité | 143 448 $ CAD | Taille du lot | 0,57 AC |
| Type de vente | Investissement | Taille du bâtiment | 12 848 pi² |
| Taux de capitalisation | 7,25% | Occupation moyenne | 100% |
| Nombre d’unités | 12 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1995 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,87/1 000 pi² |
| Style d’appartement | De faible hauteur | ||
| Zonage | HDR (High Density Res) | ||
| Prix | 1 721 375 $ CAD |
| Prix par unité | 143 448 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,25% |
| Nombre d’unités | 12 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,57 AC |
| Taille du bâtiment | 12 848 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1995 |
| Ratio de stationnement | 1,87/1 000 pi² |
| Zonage | HDR (High Density Res) |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+2 | 12 | 1 618 $ CAD | 1 075 |
Relativement accessible à pied
30/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Relativement accessible en vélo
20/100
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 2 105 814 $ CAD | |
| Évaluation du terrain | 95 255 $ CAD | Évaluation totale | 2 201 068 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
95 255 $ CAD
Évaluation des bâtiments
2 105 814 $ CAD
Évaluation totale
2 201 068 $ CAD
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Golf Club Villas | 2303 W Michigan Ave
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