Backup offers
$1,982 Closing Credit¹
#661100, Darlene Langley, Listing Office: Century 21 BE3
$2,450,000 List price
5820 Sanders Ave Pensacola, FL 32504
$10,000
Closing credit¹
Condo
Property details
About 5820 Sanders Ave
Sanders Apartments offers an incredible investment opportunity with all 21 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. Located in a high-demand area, this property combines modern updates, consistent income, and a prime location—truly a cant-miss opportunity!
Highlights
Home typeCondominium
StatusActive
CoolingCeiling Fan(s), Multi Unit(s)
Year built1972
MLS #663489
Summary
- Appliances: Dryer, Microwave, Refrigerator
- Exterior: Rain Gutters
- Heating: None
- Cooling: Ceiling Fan(s), Multi Unit(s)
- List Price: $2,450,000
- Directions: Near Hospital off Hwy 110 in Pensacola
- Year Built: 1972
- Stories: 1
- MLS Number: 663489
- MLS Name: Pensacola MLS
- Office Name: homecoin.com
- Office Phone: (888) 400-2513
- Listing Agent: Jonathan Minerick
Copyright © 2025 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2025, 7:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,450,000
5820 Sanders Ave
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
6
Reinhardt Holm Elementary School
Public District PK-5
0.4 mi
•6101 Lanier Dr
4
Ferry Pass Elementary School
Public District PK-5
1.7 mi
•8310 N Davis Hwy
5
Scenic Heights Elementary School
Public District KG-5
1.9 mi
•3801 Cherry Laurel Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,453. The most common annual income of people living in Pensacola, FL is between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
43%
<35k
51%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
55%
Single, No Kids
19%
Single, with Kids
17%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
6%
12-17 yrs old
30%
18-34 yrs old
35%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Horse Races
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Stein Mart
Big Lots
Where do the neighbors go to eat?
White Castle
LongHorn Steakhouse
Golden Corral
What do the neighbors drive?
Chevrolet
Buick
Kia
What do the neighbors listen to?
Rock
Contemporary Inspirational
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5820 Sanders Ave
The listing price of 5820 Sanders Ave property is $2,450,000.
The property 5820 Sanders Ave is a condo located in Pensacola, Florida, 32504.
Active Listing: 5820 Sanders Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5820 Sanders Ave are: Reinhardt Holm Elementary School (GreatSchools Rating 6/10), Ferry Pass Elementary School (GreatSchools Rating 4/10), Scenic Heights Elementary School (GreatSchools Rating 5/10), Workman Middle School (GreatSchools Rating 4/10), Ferry Pass Middle School (GreatSchools Rating 4/10), Brown Barge Middle School (GreatSchools Rating 8/10), Washington High School (GreatSchools Rating 5/10), West Florida High School/Technical (GreatSchools Rating 8/10), Escambia Virtual Academy Franchise (GreatSchools Rating 7/10).
The property at 5820 Sanders Ave has 0 bathroom.
The year of construction for 5820 Sanders Ave is 1972.
This home is located at 5820 Sanders Ave in Pensacola, FL and zip code 32504 in the Walden neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 30, 2025 and is currently priced at $2,450,000.
While more than 32 listings in Pensacola, FL in March 2025 were sold above asking price, there were more than 74 listings sold at asking price, and more than 153 were sold below. The inventory of homes for sale in Pensacola, FL between February and March 2025 increased by 15.1%. In March 2025 median list price was $285,138 and the average listing age was 72 days.
From Rocket Homes Real Estate and based on county public records data.