$734,000
1629 E Lakeview Ave Pensacola, FL 32503
35
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Listed by Sophie Grizzle • 1st Class Real Estate Gulf Coast
$734,000
Est. payment /mo
2,772 SqFt
Price Dropped by $10K
1629 E Lakeview Ave Pensacola, FL 32503
UPDATED:
11/02/2024 09:13 PM
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,772 sqft
Price per Sqft $264
MLS Listing ID 644420
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1947
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
Interior
Interior Features Sun Room
Heating Natural Gas
Exterior
Waterfront No
View Y/N No
Roof Type Shingle
Building
Lot Description Corner Lot
Faces FROM CERVANTES, NORTH ON 17TH TO LAKEVIEW. CORNER OF 17TH AND LAKEVIEW.
New Construction No
Others
Tax ID 000S009025009232, 000S00902500
Special Listing Condition As Is
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