1629 East Lakeview Avenue
$734,000
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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!
- Listed by Sophie Grizzle • 1st Class Real Estate Gulf Coast • CELL: 850-637-8622
- 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
Status | Active |
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MLS # | 644420 |
Days on Market | 229 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Other |
Year Built | 1947 |
Lot Size | - |
County | Escambia County |
Building Information for 1629 East Lakeview Avenue
Stories-Residences3Year Built1947Building Size-Lot Size-
Property Information for 1629 East Lakeview Avenue
Property History for 1629 East Lakeview Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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