1601 E Cervantes, Pensacola, FL 32501
Local realty services provided by:CENTURY 21 AllPoints Realty
1601 E Cervantes,Pensacola, FL 32501
$725,000
- - Beds
- - Baths
- 2,162 sq. ft.
- Multi-family
- Active
Listed by: blair phillips beck
Office: better homes and gardens real estate main street properties
MLS#:680916
Source:FL_PMLS
Price summary
- Price:$725,000
- Price per sq. ft.:$335.34
About this home
Exceptional opportunity to acquire a fully renovated, income-producing 4-plex in the highly sought-after East Hill neighborhood, offering a true turnkey Airbnb investment with immediate cash flow and proven rental performance. 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. Each unit is fully furnished and curated for comfort, combining modern finishes with high-performing amenities that drive occupancy and guest satisfaction, making this gem a solid, income-producing asset designed for long-term performance in one of Pensacola's most desirable locations....
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Home facts
- Year built:1933
- Listing ID #:680916
- Added:1 day(s) ago
- Updated:April 14, 2026 at 09:42 PM
Rooms and interior
- Flooring:Hardwood
- Kitchen Description:Tankless Water Heater
- Living area:2,162 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air, Multi Units, Wall/Window Unit(s)
- Heating:Central, Wall/Window Unit(s)
- Central air:Yes
Structure and exterior
- Roof:Gable, Shingle
- Year built:1933
- Building area:2,162 sq. ft.
- Lot Features:Corner Lot
Schools
- High school:Washington
- Middle school:WORKMAN
- Elementary school:Suter
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$725,000
- Price per sq. ft.:$335.34
Features and amenities
- Laundry features:Laundry Inside
- Amenities:Baseboards, Ceiling Fan(s), Tankless Water Heater
Parking
- Parking description:On Street
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