Active

1629 E Lakeview Ave

Pensacola FL, 32503

$744,000


$268.40 per sqft

Active

2,772 sqft

Other

Built in 1947

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!

644420

MLS ID

April 25, 2024

Listed

September 3, 2024

Updated

Map

1629 E Lakeview Ave
Pensacola FL, 32503

Interior Features

Interior Features

Sun Room


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Features

Corner Lot


Roof

Shingle

School Information

High School

Pensacola


Elementary School

Oj Semmes

Other Property Details

Days on Market

123


Garage

No


View

No


County

Escambia


Pool

No

Listing History

Date

Event

Price

8/28/2024

Price change

$744,000

-1%

6/30/2024

Active

6/21/2024

Under contract

5/22/2024

Price change

$749,000

-2%

 

Courtesy of 1st Class Real Estate Gulf Coast, Sophie Grizzle,
Listing Contact: CELL: 850-637-8622 

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Last updated 9/3/2024 7:30 PM UTC

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