Charles Stallions Real Estate Services Inc.

Residential Income For Sale

1601 E Cervantes, Pensacola, Florida 32501

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Property 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.

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 680916
Price : $675,000
Year Built : 1933
Building Area : 2,162 Sqft
Status : Active
Property SubType : Quadruplex
Features
Heating System : Central, Fireplace(s), Wall/window Unit(s)
Cooling System : Central Air, Wall/window Unit(s), Multi Units
Appliances : Tankless Water Heater
Electric : Circuit Breakers
Flooring : Hardwood
Interior Features : Ceiling Fan(s), Baseboards
Laundry Features : Inside
Lot Features : Corner Lot
Parking Features : On Street
Roof : Shingle, Gable
Sewer : Public Sewer
Address Map
State : FL
County : Escambia - Fl
City : Pensacola
Zipcode : 32501
Street : 1601 E Cervantes
Floor Number : 0
Longitude : W88° 48' 12.8''
Latitude : N30° 25' 28.9''
Directions : Head east on Cervantes. Property is on the right. Corner of 16th Avenue & Cervantes
Subdivision Name : New City Tract
MLS Addon
Office Name : Better Homes And Gardens Real Estate Main Street Properties
Agent Name : Blair Phillips Beck
Elementary School : Suter
High School : Washington
Agent MlsId : 13499
Office MlsId : MSP001
MiddleOrJunior School : Workman
Number Of Units : 4
Water Source : Public
Residential Income For Sale
  • Listing ID : 680916
$675,000
Agent info
Charles Stallions
Charles Stallions Real Estate
Contact Agent