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$ 4,300,000
Est. payment | /mo
761 SqFt
$ 4,300,000
Est. payment | /mo
761 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 761 sqft
Price per Sqft $5,650
Subdivision Fl
MLS Listing ID 388997
Construction Status Resale
Year Built 2006
Lot Size 1.640 Acres
Property Sub-Type Multi Family
Property Description
29-Unit Condo Portfolio | Martinique on the Bayou, Pensacola, FLRARE INCOME PRODUCING $269,200 Net Income per year- 29-UNIT WATERFRONT CONDO 29 turnkey condominium units within Martinique on the Bayou, an established waterfront community overlooking Bayou Chico and just minutes from vibrant Downtown Pensacola. This large-scale offering provides an exceptional opportunity for immediate rental income, value-add potential, or long-term portfolio expansion in one of the Gulf Coast's fastest-growing markets. Charming, one-bedroom residences with open layouts, modern finishes, and private balconies overlooking the marina and bayou in many units. Built in 2006, the community blends coastal living with in-town convenience, providing residents with quick access to Pensacola's beaches, entertainment districts, and major employment corridors.This 29-unit package provides investors the flexibility to maintain long-term tenants, reposition the property as a boutique waterfront rental community, or execute a gradual sell-off strategy. Very rarely does a portfolio of this size, location, and stability become available within a high-demand Pensacola waterfront setting. Portfolio Highlights• 29 total condo units offered as a single package sale• Waterfront community overlooking Bayou Chico with marina views• 2006 construction, modern concrete-block structure• One-bedroom units—high occupancy & strong rental demand• Several units feature private balconies with water views• Minutes to downtown Pensacola, Pensacola Beach, NAS Pensacola, shopping & restaurants• Established Condo Association (Martinique on the Bayou Condominium Association, Inc.)Financials, Rent Roll and Unit mix available upon request. Buyer/agent to verify all information. Buyer to verify all information during due diligence.
Location
State FL
County Escambia
Area Escambia County Fl
Zoning Other-See Remarks
Interior
Cooling Central Air
Exterior
Parking Features See Remarks
Utilities Available See Remarks
Garage No
Building
Lot Description See Remarks
New Construction No
Construction Status Resale
Listed by RE/MAX of Orange Beach
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Nicole Smith
REALTOR® | Licensed in Alabama and Florida | Lic# AL #82151 / FL #SL3129219