481 North Fairfield Drive

Pensacola, FL 32506

$625,000
Price
—
Beds
6
Baths
640 Sq. Ft.
$977 / Sq. Ft.
640
Sq. Ft.
$977
per Sq. Ft.

Description

Price reduced! Investor special! Two triplexes - six 1br/1ba units! This sale includes property addresses 481 & 485 N. Fairfield Dr (two parcels with one triplex on each parcel) formerly 597 N. Fairfield Dr. NEW ROOF 2020 on both triplexes. All units currently rented! TRIPLEX at 481 N. Fairfield Dr has units A, B & C: UNIT A was renovated 2023, HVAC - 2019, CURRENTLY RENTED for $1000; UNIT B is not renovated and is CURRENTLY RENTED for $700; UNIT C renovation was completed April 2024, and includes...Price reduced! Investor special! Two triplexes - six 1br/1ba units! This sale includes property addresses 481 & 485 N. Fairfield Dr (two parcels with one triplex on each parcel) formerly 597 N. Fairfield Dr. NEW ROOF 2020 on both triplexes. All units currently rented! TRIPLEX at 481 N. Fairfield Dr has units A, B & C: UNIT A was renovated 2023, HVAC - 2019, CURRENTLY RENTED for $1000; UNIT B is not renovated and is CURRENTLY RENTED for $700; UNIT C renovation was completed April 2024, and includes NEW Appliances and Water Heater, HVAC - 2019, and is CURRENTLY RENTED for $1100 as of May 1, 2024. TRIPLEX at 485 N. Fairfield Dr. has units D, E & F: UNIT D is not renovated and is CURRENTLY RENTED for $549 by long term tenant; UNIT E renovation was completed April 2024, and includes NEW Appliances and Water Heater, HVAC - 2019, and is CURRENTLY RENTED for $1100; UNIT F renovation was completed April 2024, and includes NEW Appliances and Water Heater, HVAC - 2019, and is CURRENTLY RENTED for $1100 Both Triplexes share a Water Meter and Lift Station-NEW in 2020. Owner pays for Water/Sewer, Garbage/dumpster and lawn maintenance. The pictures are of a renovated unit, the other renovated units are finished similarly. Don't wait! See this opportunity today!
  1. Listed by Pete Morgan • Service Matters Realty, Inc.
  2. Listed by Suzanne Morgan • Service Matters Realty, Inc.

Amenities

  • Air Conditioning
  • Central Heating
  • Parking Included
LISTING UPDATED: 10/07/2024 06:31 PM

Property Details for 481 North Fairfield Drive

StatusActive
MLS #643645
Days on Market250
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Other
Year Built1983
Lot Size-
CountyEscambia County

Building Information for 481 North Fairfield Drive

Stories1Residences6Year Built1983Building Size-Lot Size-

Property Information for 481 North Fairfield Drive

Summary
Location and General Information
  • Directions: From I-110, go West on Fairfield Ave. Just past the intersection with West Jackson St, the triplexes will be on the right (there is no for sale sign). NOTE: The property address was recently changed from 597 N. Fairfield Dr., Pensacola to two separate addresses 481 and 485 N. Fairfield Dr. YOUR NAVIGATION MAY NOT BE UPDATED SO USE 597 N. FAIRFIELD DR. TO GET TO THE PROPERTY.
  • Latitude: 30.416249
  • Longitude: -87.317729
  • Subdivision Name: None
Taxes and HOA Information
  • Tax Legal Description: 481 N. Fairfield Dr: BEG AT NE COR OF SEC N 88 DEG 41 MIN 05 SEC W 50 FT TO A PT ON W R/W LI OF FAIRFIELD DR (SR 289-A 100 FT R/W) S 1 DEG 18 MIN 55 SEC W ALG W R/W LI 430 02/100 FT TO POB CONT S 1 DEG 18 MIN 55 SEC W 63 02/100 FT N 88 DEG 42 MIN 20 SEC W 128 53/100 FT N 1 DEG 18 MIN 55 SEC E 63 02/100 FT S 88 DEG 42 MIN 20 SEC E 128 53/100 FT TO POB OR 8140 P 1665 485 N. Fairfield Dr.: BEG AT NE COR OF SEC N 88 DEG 41 MIN 05 SEC W 50 FT TO A PT ON W R/W LI OF FAIRFIELD DR (SR 289-A 100 FT R/W) S 1 DEG 18 MIN 55 SEC W ALG W R/W 365 02/100 FT TO POB CONT S 01 DEG 18 MIN 55 SEC W 65 FT N 88 DEG 42 MIN 20 SEC W 128 53/100 FT N 1 DEG 18 MIN 55 SEC E 32 51/100 FT N 56 DEG 34 MIN 58 SEC E 57 06/100 FT S 88 DEG 42 MIN 20 SEC E 81 64/100 FT TO POB OR 8140 P 1665
Parking
  • Parking Features: 1 Space/Unit
  • Carport: No
  • Garage: No
School Information
  • Elementary School: Myrtle Grove
  • High School: Escambia
  • Middle Or Junior School: Bailey
Property
Lot Information
  • Building Name: None
  • Construction Materials: Frame
  • Levels: One
  • Lot Features: Central Access
  • Road Responsibility: County Maintained Road
  • Roof: Shingle
  • Cooling: Yes
  • Heating: Yes
  • Horse: No
  • New Construction: No
Property and Assessments
  • Documents Count: 0
  • Parcel Number: 192S311102018001
  • Photos Count: 30
  • Property Condition: Resale
Utilities
  • Electric: Circuit Breakers, Copper Wiring
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Fencing: Back Yard
  • Foundation Details: Slab
  • Pool Features: None
Interior Features
  • Appliances: Electric Water Heater, Built In Microwave, Refrigerator
  • Bathrooms Partial: 0
  • Cooling: Central Air
  • Heating: Central
  • Rooms Total: 4
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses Information
  • Net Operating Income: $60,368.00
  • Operating Expense: $6,220.00
Rental
Rental Information
  • Leasable Area Units: Square Feet
  • Tenant Pays: Electricity
  • Lease Considered: No

Property History for 481 North Fairfield Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 481 North Fairfield Drive

This home is within Escambia.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Myrtle Grove Elementary School
PublicPK to 5

Jim C. Bailey Middle School
Public6 to 8

Escambia High School
Public9 to 12

Escambia Boys' Base
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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481 North Fairfield Drive is a multi-family home for sale in Pensacola, FL 32506. This property was listed for sale on April 12, 2024 by Service Matters Realty, Inc., it's currently listed at $625,000. This listing's school district is Escambia. Nearby schools include Myrtle Grove Elementary School, Jim C. Bailey Middle School and Escambia High School. 481 North Fairfield Drive is a 0-bed, 6-bath, 640 sqft multi-family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Service Matters Realty, Inc.

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.