1601 E Cervantes, Pensacola, FL 32501
New City Tract · Escambia - Fl County
Key Facts
Description
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 Information
Property Type
Residential Income
Sub-Type
Quadruplex
Year Built
1933
Living Area
2,162 sq ft
Lot Dimensions
80x132
Days on Market
84
MLS® Listing#
680916
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Parking
Laundry
Lot Features
Roof
Sewer
Water Source
Schools
- Elementary:
- Suter
- Middle:
- WORKMAN
- High:
- Washington
Financial Details
Parcel Number
000S009025001100
Directions
Head east on Cervantes. Property is on the right. Corner of 16th Avenue & Cervantes
Affordability Calculator
$135,000
Estimated monthly payment
$3,593/mo
Principal $540,000 · Est. interest $753,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Pensacola, FL
- $348,505
- Median Listing Price
- 72
- Median Days on Market
- 1,612
- Median Sq Ft
- $201
- Median Price / Sq Ft
- 1,631
- Active Listings
- This home’s price is 94% above the area median.
- Its price per sq ft is 55% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Pensacola, FL.
Location
Points of Interest in Pensacola, FL
Showing the Pensacola area map.
Nearby Schools
East Hill Christian School
School · 0.3 mi away
Montessori School of Pensacola
Elementary · 0.4 mi away
Av Clubbs
School · 0.4 mi away
N. B. Cook Elementary School
Elementary · 0.5 mi away
Jacqueline Harris Prep Academy
School · 0.5 mi away
Lighthouse Academic Institute
School · 0.7 mi away
A. K. Suter Elementary School
Elementary · 0.8 mi away
Pensacola School of Liberal Arts
School · 1.0 mi away
Spencer Bibbs Elementary School
Elementary · 1.2 mi away
Seville Montessori School
Elementary · 1.3 mi away
Episcopal Day School
Secondary · 1.3 mi away
St Paul Catholic School
School · 1.4 mi away
Pensacola High School
Secondary · 1.8 mi away
O. J. Semmes Elementary School
Elementary · 1.9 mi away
Escambia School Dist. Jail Prog.
Secondary · 2.1 mi away
Escambia County School District J E Hall Center
School · 2.1 mi away
Dixon School of Arts & Sciences
School · 2.2 mi away
Lakeview Special Education
School · 2.3 mi away
Escambia County School District, Internal Auditing
School · 2.3 mi away
McMillian Learning Center
School · 2.5 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 823 E Jackson St, Pensacola, FL | $474,000 | 4 | 3 | 2,447 |
| 11519 Aruba Dr, Pensacola, FL | $474,900 | 4 | 3 | 2,989 |
| 645 Lost Key Dr 503D, Pensacola, FL | $475,000 | 3 | 2 | 1,553 |
| 6521 El Presideo, Pensacola, FL | $475,000 | 4 | 3 | 2,676 |
| 5108 Pine Hollow Dr, Pensacola, FL | $475,000 | 4 | 3 | 2,265 |
| 3333 N 17th Ave, Pensacola, FL | $475,000 | 3 | 2 | 1,638 |
Moving Cost Estimate
EXIT Agents in Pensacola
Listing Courtesy: Better Homes And Gardens Real Estate Main Street Properties - 8509124123