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$335,235Estimated home value

Beds
5
Baths
2.0
sq ft
1,892

1007 W Wright St, Pensacola, FL 32501

1007 W Wright St

Pensacola, FL 32502

  • Off market
    • Price drop $25,100↓
Unique investment potential minutes from Downtown Pensacola!! This property is a prime commercial opportunity, meticulously converted into an active Residential Assisted Living Facility (RAL), and inspected and certified by the State of Florida. Achieving this certification involved passing rigorous inspections, ensuring compliance with commercial fire alarms, sprinklers, and a backup generator. With a reliable tenant with 7 residents living in the ALF, already in place whose lease ends on 11/30/24 and who is eager to renew. Located close to Downtown Pensacola, this property enjoys easy access to all the vibrant amenities the area has to offer. The interior features an open living and dining area filled with natural light, and two fully updated bathrooms designed for wheelchair accessibility, ensuring comfort and convenience for all residents. The freshly renovated kitchen with granite countertops and all new appliances, and a generator, all come with the property. The furniture belongs to the tenant, simplifying the transition for potential new owners.The manageable yet spacious backyard provides ample room for further customization. Don’t miss out on this exceptional commercial investment opportunity at 1007 W Wright St. Schedule your viewing today to explore the potential of this well-equipped and strategically located Residential Assisted Living Facility!

Details

Property type

Single Family Residence

Est. home value

$335,235

Lot size

Unknown

Price per sq ft

$225

Year built

1938

HOA

No

Price History

09/20/2024
Pensacola

Pensacola #650214

Removed
$424,900
09/04/2024
Pensacola

Pensacola #650214

Price change
$424,900
-5.58%
08/06/2024
Pensacola

Pensacola #650214

Price change
$450,000
+0.02%

Schools & Community

Neighborhood: 

St. John Coalition

Elementary school: 

Global Learning Academy

Middle school: 

Workman

High school: 

Pensacola

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Foundation Finl Svc Inc

Loan start date

December 2000

Original loan amount

$46,750

Est. remaining balance

Not provided

Interest rate

7.68%

Loan type

Not Provided

Seller

Joseph Lee Sullivan and Vera G Sullivan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 11/09/2024 at 11:45 AM

Listing updated: 09/04/2024 at 9:33 PM

Listed by: Shantel Wallace, Fathom Realty FL LLC Phone #: (888) 445-6040

MLS: Pensacola #650214

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