7116 Pearson Rd, Unit AH

Pensacola, FL 32526

$630,000
Last Sold Price
2
Beds
962 Sq. Ft.
$655 / Sq. Ft.
962
Sq. Ft.
$655
per Sq. Ft.
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Sold 8/6/21
Sold 8/6/21

Description

Investor Alert. 8 unit apartment complex 100% occupied with great rental revenue and a NEW ROOF. 8% cap rate based on using gross rents less fixed expenses using 2021 rates water/sewer, taxes, insurance, trash, and lawn care only. All the units are occupied and up to date on internal repairs. Many of the units have had a new A. C installed in the past year as well. The complex features a mix of upstairs and down stairs units that are all 2 bed 2 baths and roughly 962 SF. The average rent is 780$....Investor Alert. 8 unit apartment complex 100% occupied with great rental revenue and a NEW ROOF. 8% cap rate based on using gross rents less fixed expenses using 2021 rates water/sewer, taxes, insurance, trash, and lawn care only. All the units are occupied and up to date on internal repairs. Many of the units have had a new A. C installed in the past year as well. The complex features a mix of upstairs and down stairs units that are all 2 bed 2 baths and roughly 962 SF. The average rent is 780$. The Complex does need new siding around the unit, but other than that is a great income producing property.
  1. Listed by David Keen • Realty Masters

Property Details for 7116 Pearson Road, Unit AH

Waterfront Features
None
Zoning Description
Commercial
LISTING UPDATED: 03/05/2026 03:44 AM

Property Details for 7116 Pearson Road, Unit AH

StatusSold
MLS #589865
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1985
Lot Size-
CountyEscambia County
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Location

Listing Courtesy of Realty Masters

Sold By KELLER WILLIAMS REALTY GULF COAST

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Building Information for 7116 Pearson Road, Unit AH

Stories2Residences8Year Built1985Building Size-Lot Size-

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$3,172 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,172

Property Taxes

$0

HOA Dues

$0

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Property Information for 7116 Pearson Road, Unit AH

Summary
Location and General Information
  • Directions: FAIRFIELD TO NORTH ON PATRICIA, RIGHT ONTO PEARSON, GO TO THE END OF THE ROAD
  • Latitude: 30.440455
  • Longitude: -87.306958
  • Subdivision Name: None
Taxes and HOA Information
  • Tax Legal Description: BEG AT A PT ON N LI GOVT LT 3 OF SEC AND 557 15/100 FT E OF ELY R/W LI PATRICIA DR BEING SE COR LT 6 BLK B MYRTLE GROVE WEST UNIT 1 PB 7 P 41 N 0 DEG 30 MIN W ALG ELY LI OF SD S/D 158 29/100 FT S 45 DEG 30 MIN E 40 FT N 89 DEG 30 MIN E 241 71/100 FT N 0 DEG 30 MIN W 110 FT N 89 DEG 30 MIN E 5 FT N 0 DEG 30 MIN W 30 FT TO POB CONT N 0 DEG 30 MIN W 150 FT N 89 DEG 30 MIN E 153 76/100 FT TO WLY LI MYRTLE GROVE W UNIT 3 PB 8 P 11 S ALG SD WLY LI 126 50/100 FT S 89 DEG 30 MIN W 132 66/100 FT S 0 DEG 30 MIN W 23 50/100 FT S 89 DEG 30 MIN W 20 FT TO POB OR 7058 P 1570
Parking
  • Parking Features: Driveway
  • Carport: No
  • Garage: No
  • Open Parking: Yes
School Information
  • Elementary School: Sherwood
  • High School: Pine Forest
  • Middle Or Junior School: BELLVIEW
Property
Lot Information
  • Building Name: None
  • Levels: Two
  • Lot Features: Interior Lot
  • Roof: Composition
  • Cooling: Yes
  • Heating: Yes
  • Horse: No
  • Waterfront: No
Property and Assessments
  • Disclaimer: Seller would prefer not to do any repairs on the siding unless factored in to the deal.
  • Documents Count: 1
  • Parcel Number: 102S312002002001
  • Photos Count: 16
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Slab
Interior Features
  • Appliances: Electric Water Heater
  • Cooling: Central Air
  • Flooring: Tile, Vinyl, Carpet
  • Heating: Central
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses Information
  • Net Operating Income: $64,380.00
  • Operating Expense: $18,000.00
  • Operating Expense Includes: Insurance, Maintenance, New Tax, Water/Sewer
Rental
Rental Information
  • Leasable Area Units: Square Feet
  • Tenant Pays: Cable TV, Electricity, Internet
  • Lease Considered: No

Property History for 7116 Pearson Road, Unit AH

DateEvent & SourcePriceAppreciation
Aug 6, 2021

Sold

PENSACOLA #589865

$630,000—
Jun 8, 2021

Pending

PENSACOLA #589865

—
May 17, 2021

Listed (Active)

PENSACOLA #589865

$699,999—
DateEvent & SourcePrice
08/06/2021

Sold

PENSACOLA #589865

$630,000
06/08/2021

Pending

PENSACOLA #589865

—
05/17/2021

Listed (Active)

PENSACOLA #589865

$699,999

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

Schools near 7116 Pearson Road, Unit AH

This home is within Escambia.
Rating
School
Type
Grades
Distance
Sherwood Elementary School
Public - PK to 5
Bellview Middle School
Public - 6 to 8
Pine Forest High School
Public - 9 to 12
Escambia Boys' Base
Public - 6 to 12
Rating
School
Distance
Sherwood Elementary School
PublicPK to 5

Bellview Middle School
Public6 to 8

Pine Forest 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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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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Realty Masters

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© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.