1629 East Lakeview Avenue

Pensacola, FL 32503

$734,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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!
  1. Listed by Sophie Grizzle • 1st Class Real Estate Gulf Coast • CELL: 850-637-8622
  2. Listed by Shantel Wallace • Fathom Realty FL LLC

Amenities

  • Common Outdoor Space
  • Gas Heat
LISTING UPDATED: 11/02/2024 09:15 PM

Property Details for 1629 East Lakeview Avenue

StatusActive
MLS #644420
Days on Market198
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Other
Year Built1947
Lot Size-
CountyEscambia County

Building Information for 1629 East Lakeview Avenue

Stories-Residences3Year Built1947Building Size-Lot Size-

Property Information for 1629 East Lakeview Avenue

Summary
Location and General Information
  • Directions: FROM CERVANTES, NORTH ON 17TH TO LAKEVIEW. CORNER OF 17TH AND LAKEVIEW.
  • Latitude: 30.435175
  • Longitude: -87.19777
  • Subdivision Name: None
Taxes and HOA Information
  • Tax Legal Description: LTS 9 10 BLK 232 NEW CITY TRACT OR 4503 P 382 CA 38
School Information
  • Elementary School: Oj Semmes
  • High School: Pensacola
  • Middle Or Junior School: Workman
Property
Lot Information
  • Lot Features: Corner Lot
  • Roof: Shingle
  • Heating: Yes
  • Horse: No
Property and Assessments
  • Disclaimer: Seller would rather not make repairs.
  • Documents Count: 7
  • Parcel Number: 000S009025009232, 000S00902500
  • Photos Count: 35
Utilities
  • Electric: Circuit Breakers
Interior and Exterior Features
Interior Features
  • Heating: Natural Gas
  • Interior Features: Sun Room
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Rental
Rental Information
  • Leasable Area Units: Square Feet
  • Lease Considered: No

Property History for 1629 East Lakeview Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1629 East Lakeview Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$6,367 ($531 / month)
Home Facts
Total Finished SqFt1,364 SqFtAbove Grade Finished SqFt1,364 SqFtStories1Lot Size10,600 SqFtStyleMulti-Family Dwelling (2-4)Year Built1947Year Renovated1965ZoningR-1AACountyESCAMBIAAPN00-0S-00-9025-009-232

Schools near 1629 East Lakeview Avenue

This home is within Escambia.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
O. J. Semmes Elementary School
PublicPK to 5

J. H. Workman Middle School
Public6 to 8

Pensacola High School
Public9 to 12

Jackie Harris Preparatory Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1629 East Lakeview Avenue is a multi-family home for sale in Pensacola, FL 32503. This property was listed for sale on April 24, 2024 by 1st Class Real Estate Gulf Coast, it's currently listed at $734,000. This listing's school district is Escambia. Nearby schools include O. J. Semmes Elementary School, J. H. Workman Middle School and Pensacola High School. 1629 East Lakeview Avenue is a 0-bed, 0-bath, multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 1st Class Real Estate Gulf Coast; Fathom Realty FL LLC

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.