1601 E Cervantes, Pensacola, FL 32501

Description of 1601 E Cervantes, Pensacola, FL 32501

Exceptional opportunity to acquire a fully renovated, income-producing 4-plex in the highly sought-after East Hill neighborhood. The property generates approximately $10,000+ per month in gross rental income, with annual revenue exceeding $120,000. Ideally located just 4 blocks from Publix, 5 minutes to downtown Pensacola, and 15 minutes to the white sands of Pensacola Beach, this meticulously updated property consistently attracts both short-term and extended-stay guests. The property is currently operated as a 4-unit income-producing STR asset or rented as a whole for larger groups. It may also qualify for FHA financing, which allows an owner-occupant buyer to live in one unit while using the remaining units as income-producing rentals. The property features four thoughtfully designed units (A–D) with a versatile mix of layouts: Unit A offers a spacious king bedroom, full kitchen, and private laundry room. Unit B features a king suite with updated bath and a standout outdoor entertaining area complete with fire pit, grill, and dining space. Unit C is a fully renovated second-floor 2BR with dual king suites, smart TVs, and comfortable living space suited for families or groups. Units B & C have shared laundry utilities. Unit D is a stylish studio with a king bed, walk-in rain shower, in-unit laundry, and private deck with outdoor seating and grill. Recent improvements include full roof replacement in 2021, updated plumbing in B/C laundry area and installation of tankless water heater, all completed by a licensed plumber, enhancing efficiency and long-term reliability. The property demonstrates consistent rental performance with established income history and immediate cash flow potential for its new owner. Contact for showings of available units. Financial documents furnished upon request. The property is currently fully furnished, with furnishings available for purchase or negotiation with an acceptable offer.

Property Details for 1601 E Cervantes, Pensacola, FL 32501

Interior Features

Baseboards, Ceiling Fan(s)

Appliances

Tankless Water Heater

Flooring

Hardwood

Heating

Central, Wall/Window Unit(s), Fireplace(s)

Cooling

Multi Units, Central Air, Wall/Window Unit(s)

Parking Features

On Street

Building Information for 1601 E Cervantes, Pensacola, FL 32501

Building Area Total

2162

Building Area Units

Square Feet

Property Information for 1601 E Cervantes, Pensacola, FL 32501

Lot Features

Corner Lot

Roof

Shingle, Gable

Sewer

Public Sewer

Water Source

Public

Public Records for 1601 E Cervantes, Pensacola, FL 32501

Parcel Number

000S009025001100

Tax Legal Description

LTS 1 2 BLK 100 NEW CITY TRACT OR 8947 P 1295 OR 8971 P 1721 CA 41

County Or Parish

Escambia - Fl

Schools Near 1601 E Cervantes, Pensacola, FL 32501

Elementary School

Suter

Middle School

WORKMAN

High School

Washington

School assignments are provided by the listing and should be independently verified.

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