West 18 Apartments

Multi-Family: Low-Rise

10163 Guidy Ln, PensacolaFL 32514

Property Details

Location

Address
10163 Guidy Ln, PensacolaFL 32514
County
Escambia
Submarket
Parcels
071S301018050001

Building Size

Building Size
Rentable Space
13,888 SF

Building Details

Type
 Multi-Family: Low-Rise
Number of Buildings
5
Number of Units
18
Occupancy Type
Single Tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
2
Year Built
1985
Year Renovated
2021
Sprinklers
Total Parking
36
Parking Ratio
1.3

Land & Utilities

Land (Acres)
0.71 Acres
Land (SF)
30,928 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
MDR (MEDIUM DENSITY RESIDENTIAL)
Lot Depth
Lot Width

Contacts

Current Listings

Newly Renovated West 18 Apartments

13,888 SF$2,350,000
Cap Rate: 6.35%
SVN | Southland Commercial Real Estate

The West 18 Apartment development enjoys a northern Pensacola location in close proximity to the University of West Florida (UWF), Scenic Hills Country Club, West Florida Hospital, and various employment, entertainment, and dining opportunities along Nine Mile Road. Guidy Lane Apartments contains a total of 18 rental units within 5 buildings, including 1 two-story building and 4 single-story buildings, with ample parking. The buildings were constructed in 1985, are wood frame construction, with low maintenance brick veneer. Renovations of the buildings are nearly complete, including new composition shingle roofs, fresh paint, and updated and renovated unit interiors, including new stainless steal dishwashers, oven/stoves, and refrigerators, disposals, new cabinet faces, countertops, floor coverings, washer/dryers, and more! Units are individually metered for water and sewer, which are paid by tenants. Currently 1 unit unit is vacant, and this unit is anticipated to be leased as soon as the interior renovations are complete. Financials are based on proforma, assuming completion of planned improvements and market rents and vacancy.

All of the units in the West 18 development contain one-bedroom and one bath, averaging 800+- square feet in size. Whether you are a seasoned multifamily investor or just starting in multifamily investing, this is a fantastic opportunity add to your portfolio! Do NOT contact property manager or tenants, For additional information or to schedule a tour, please call Lisa Bradley at 850-712-2232.

SVN | Southland Commercial Real Estate

The West 18 Apartment development enjoys a northern Pensacola location in close proximity to the University of West Florida (UWF), Scenic Hills Country Club, West Florida Hospital, and various employment, entertainment, and dining opportunities along Nine Mile Road. Guidy Lane Apartments contains a total of 18 rental units within 5 buildings, including 1 two-story building and 4 single-story buildings, with ample parking. The buildings were constructed in 1985, are wood frame construction, with low maintenance brick veneer. Renovations of the buildings are nearly complete, including new composition shingle roofs, fresh paint, and updated and renovated unit interiors, including new stainless steal dishwashers, oven/stoves, and refrigerators, disposals, new cabinet faces, countertops, floor coverings, washer/dryers, and more! Units are individually metered for water and sewer, which are paid by tenants. Currently 1 unit unit is vacant, and this unit is anticipated to be leased as soon as the interior renovations are complete. Financials are based on proforma, assuming completion of planned improvements and market rents and vacancy.

All of the units in the West 18 development contain one-bedroom and one bath, averaging 800+- square feet in size. Whether you are a seasoned multifamily investor or just starting in multifamily investing, this is a fantastic opportunity add to your portfolio! Do NOT contact property manager or tenants, For additional information or to schedule a tour, please call Lisa Bradley at 850-712-2232.

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: Gulf Coast CMLS

More Information

©Copyright 2001-2021 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.

Commercial Exchange is a national commercial real estate marketplace powered by Catylist.