Royal Crest is a Class C, 172 unit apartment community located just outside the city limits of Pensacola, Florida. Built in 1972, Royal Crest is a garden-style community and is comprised of 25 two-story buildings. The community is conveniently located near major employers such as Baptist Health Care, Sacred Heart Health System and the University of West Florida. Residents enjoy easy access to Interstate 110 and Interstate 10. The property provides a common laundry facility, pool and a variety of 1, 2 and 3 bedroom floor plans. Royal Crest was damaged by Hurricane Ivan and about $1 million of insurance-covered rehabilitation and repairs is expected. The hurricane additionally reduced the supply of units available in the submarket and has increased the occupancy at the property.
