Homes for sale - 1629 E Lakeview Ave, Pensacola, FL 32503

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Nicole Smith

nicole@nicolesmithteam.com +1(251) 776-2909

Listed by Sophie Grizzle • Fathom Realty FL LLC

$ 699,000

Est. payment | -/mo

4 Beds

4 Baths

2,772 SqFt

Save

$ 699,000

Est. payment | -/mo

Save

4 Beds

4 Baths

2,772 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,772 sqft

Price per Sqft $252

MLS Listing ID 667394

Style Traditional

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1947

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type Single Family Residence

Source Pensacola MLS

Property Description

Welcome to the epitome of opportunity in East Hill! Discover a rare gem in this vibrant neighborhood, featuring three distinct properties on a single expansive lot, offering unparalleled potential for savvy investors or those seeking multifamily living options. Situated in the desirable East Hill neighborhood, this property is surrounded by parks, shopping, and dining options, enhancing its appeal to potential tenants and short-term guests alike. Main House: The centerpiece of this property is a charming main house with two bedrooms and two baths, with the possibility to expand by converting the existing sunroom into a third bedroom. Duplex Units: Adjacent to the main house, you'll find a fully-furnished duplex, each unit boasting a generously sized bedroom and bathroom. These units have a proven track record as successful short-term Airbnb rentals, providing immediate and lucrative income potential. Investment Highlights - Turnkey Income: All three units are currently leased and ready to generate rental income from day one. Proven Success: These units have a history of high occupancy, and the duplex units have operated as successful short-term Airbnbs with positive reviews in the past. Expansion Potential: The main house offers the opportunity to increase its value by adding an extra bedroom. Multi-Property Package: Diversify your portfolio with three separate rental opportunities on one lot. High Demand Area: East Hill's vibrant community and amenities make it a sought-after location for both long-term tenants and short-term visitors. NEW roofs installed July 2024. Online estimates do not accurately reflect the duplex on the property. Don't miss out on this exceptional opportunity to own a piece of East Hill's charm and maximize your investment potential!

Location

State FL

County Escambia - Fl

Zoning Res Multi

Rooms

Dining Room Formal Dining Room, Kitchen/Dining Combo

Kitchen Updated

Interior

Heating Natural Gas

Cooling Central Air, Ceiling Fan(s)

Flooring Simulated Wood

Appliance Gas Water Heater

Exterior

Parking Features Driveway

Pool None

View Y/N No

Roof Type Shingle

Garage No

Building

Lot Description Corner Lot

Faces FROM CERVANTES, NORTH ON 17TH TO LAKEVIEW. CORNER OF 17TH AND LAKEVIEW.

Story 2

Water Public

Structure Type Frame

New Construction No

Others

Tax ID 000S009025009232

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Nicole Smith

REALTOR® | Licensed in Alabama and Florida | Lic# AL #82151 / FL #SL3129219

nicole@nicolesmithteam.com

+1(251) 776-2909

1545 W 2nd St, Gulf Shores, AL, 36542, USA

1629 E Lakeview Ave Pensacola, FL 32503

Nicole Smith

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1629 E Lakeview Ave