12-unit, all 2BR/2BA multifamily in West Pensacola. 100% occupied, below-market rents, single-floorplan operating profile. Offered at $1,250,000 ($104,167/unit, $91.03/SF gross). INVESTMENT SUMMARY Price: $1,250,000 Price/Unit: $104,167 Price/SF: $91.03 (13,732 SF gross / 12,852 SF rentable) Units: 12, all 2BR/2BA Year Built: 1995 Occupancy: 100% Avg Rentable SF/Unit: 1,071 Current Avg Rent: $1,140 | Market Rent: $1,250 Year 1 Adjusted Cap: 6.95% Year 3 Stabilized Cap: 8.51% THE OPPORTUNITY Golf Club Condos pairs in-place cash flow with a clear mark-to-market path. Rents average $1,140 against market of $1,250, roughly 10% below where comparable 2BR/2BA product leases. Area comps average about $1.26/SF versus the property's $1.06/SF, so renewals and turnover carry upside without heavy capital. The all-2/2 mix keeps operations simple and supports strong retention. The property has a mix of renovated and non-renovated units, so remaining classic units offer a straightforward renovate-and-lift path as they turn. NOI grows from a a Year 1 adjusted $86,832 and a Year 3 stabilized $106,384 as rents reach market. LOCATION Fronts the W Michigan Ave corridor (about 35,000 vehicles/day) with direct access to I-10, Pensacola International Airport (about 5 miles, 16,200+ employees), downtown Pensacola, and NAS Pensacola. Steady year-round demand from military personnel, commuters, and long-term residents. Nearby retail includes Cordova Mall, Publix, Walmart Neighborhood Market, and Lowe's. CONTACT Gabriel Pena, AVP | (954) 204-0115 | gabriel.pena@matthews.com | FL Lic. SL3492043 Austin Graham, FVP | (404) 445-1091 | austin.graham@matthews.com | GA Lic. 408272 Kyle Matthews, Broker of Record | FL Lic. BK3554632 | Firm CQ1066435