20,624 sqft

$1,955,000

5820 Sanders Ave, Pensacola FL, 32504

Price per sqft$94.79

Built in1972

Property size20,624 sqft

Property typeCondominium

Overview

Sold

Listed Apr 30, 2025

Updated Jun 1

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!

Courtesy of homecoin.com, Jonathan Minerick,
Listing Contact: OFFICE: 888-400-2513

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Last updated 6/1/2026 7:56 PM UTC