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1629 E Lakeview Ave

Pensacola, FL 32503
  • $699,000
  • STATUS: Active Under Contract
  • ON SITE: 153 Days
  • MLS #: 667394
Under Contract
$699,000
  • 4
    BEDS
  • 0.24
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,772
    SQFT
  • $252
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1947
County:
Area:

School Information

Elementary School:
Middle School:
High School:

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!

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© 2025 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2025-12-08T22:54:21.69.
www.gulfshoresrealestatesearch.com/homes/165664216
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1629 E Lakeview Ave Pensacola, FL 32503

  • Price: $699,000
  • Status: Active Under Contract
  • On Site: 153 Days
  • MLS #: 667394
4
Beds
4
Baths
0
½ Baths
0.24
Acres
2,772
SQFT
$252
$/SQFT
1947
Built
Neighborhood:
None
County:
Escambia - Fl
Area:
Pensacola
Elementary School:
Oj Semmes
Middle School:
Workman
High School:
Pensacola
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!
Exterior Features

Architectural Style Traditional Carport YN No Construction Materials Frame Foundation Details Off Grade Garage YN No Levels Two Lot Features Corner Lot Open Parking YN Yes Parking Features Driveway Pool Features None Roof Shingle

Interior Features

Appliances Gas Water Heater Cooling Central AirCeiling Fan(s) Cooling YN Yes Flooring Simulated Wood Heating Natural Gas Heating YN Yes Room Dining Room Features Formal Dining RoomKitchen/Dining Combo Room Kitchen Features Updated Room Kitchen Level First Room Living Room Level First

Property Features

Association Fee Frequency Annually Association YN No Building Area Total 2772 Electric Circuit Breakers Homestead No Horse YN No Listing Agreement Exclusive Right To Sell New Construction YN No Property Attached YN No Property Condition Resale Property Sub Type Single Family Residence Rent Restrictions No Road Responsibility Public Maintained Road Sale Rent For Sale Sale Subject To Lease No Sewer Public Sewer Water Source Public Zoning Description Res Multi

Listing provided by Fathom Realty FL LLC: 888-445-6040.


© 2025 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated: 2025-12-08T22:54:21.69.
 
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