Great property with great rental income located in the East Hill neighborhood on Cervantes St, between 13th Ave and 14th Ave. Currently, the property consists of 3 separate units and is zoned R2. It is conveniently located one block away from Publix and has 74 feet of street frontage on Cervantes St. The property offers ample off-street parking and has over 2500 sqft of space with newer upgrades. East Hill offers easy access to the beautiful Gulf Coast beaches, where you can enjoy activities such as sunbathing, swimming in the crystal-clear waters, and leisurely walks along the shore. The community also provides a variety of amenities, including parks, schools, and shopping centers. This property presents an incredible opportunity to own a desirable office space in Pensacola.
Nestled within the charming North Hill Historic District of Downtown Pensacola stands a distinguished residence with a rich history and promising future. Originally crafted by the esteemed "Moreno" family construction company for one of their beloved daughters, this stately home bears witness to generations of Pensacola's architectural heritage. Imbued with a timeless allure, the property seamlessly blends historical significance with contemporary versatility. Its current zoning permits selective commercial office use, offering an enticing opportunity for business endeavors within a coveted locale. Undergoing a thoughtful transformation, the residence is undergoing a new roof installation, a testament to the seller's dedication to preserving its structural integrity. Presently divided into three distinct units, each exudes a blend of character and modern comfort. Recent upgrades attest to meticulous maintenance, ensuring a turnkey investment for discerning buyers. Beyond its financial allure, this property transcends mere real estate—it offers a tangible connection to Pensacola's storied past. Enveloped by the North Hill Historic District, residents are immersed in the vibrant tapestry of the city's heritage, where cobblestone streets whisper tales of yesteryears, and architectural treasures stand as guardians of time. Don't miss this unparalleled opportunity to not only acquire a lucrative investment property but also claim a cherished piece of Pensacola's illustrious history. Whether as a discerning investor or a passionate steward of heritage, 615 N Spring St beckons with endless possibilities and enduring allure. All units individually metered for electric - Tenant pays electric only - PLEASE DO NOT DISTURB EXISTING TENANTS
Own a piece of history with this charming 1918 Original East Hill Cottage turned into 5 Units. Currently Zoned R2 which would allow for up to 8 units if redeveloped per City of Pensacola code. Currently with reliable tenants, this property offers both character and convenience. This parcel is situated mere steps away from the newly established East Hill Publix, The Burrow, Ozone, and City Parks, residents enjoy unparalleled access to the vibrant pulse of East Hill living. Recent upgrades enhance the property's appeal, including a brand-new roof installed in 2021, fresh exterior paint in 2022, and newer hot water heaters and appliances. Meticulously maintained, this 5 Plex - Current Laid out as - (1) studio, (3) 1/1, (1) 2/2 - presents a lucrative investment opportunity for discerning buyers looking to capitalize on the flourishing East Hill market. PLEASE DO NOT DISTURB EXISTING TENANTS
Updated triplex in Historic North Hill area on the corner of N Palafox and W De Soto! This complex is close enough to enjoy shopping, dining, and entertainment in downtown Pensacola. Each unit is finished with modern appliances, luxury vinyl plank flooring throughout, and white quartz countertops. Property makes for a Great Buy and hold investment bring in a steady income, or for any Savy buyers looking to live in one unit and have renters help with the mortgage. Main building is a duplex with two 3 bed/2 bath units at 1452 sqft each and the third unit is a detached converted 1 bed/1bath unit at approx. 600 sqft.
One of the most historic buildings in downtown Pensacola is now available. Located in the heart of the Old East Hill Neighborhood and once the home home of Mrs. King, of the family which East and West King Tracts are named after. The property is walking distance to all the amenities of the city center. The building is divided into four beautiful apartments all with unique features. Tongue and groove ceilings, original wood floors, exposed brick, fireplaces and beautiful custom mill work dress the spaces with style and grace. Each unit has a private entry with decks and porches for lounging. Units also have washers and dryers. The property is being offered fully furnished, turn key and income producing. Currently the building is grossing $96K per year on short term to mid term rentals. In addition the building has new plumbing and 3 new HVAC units. Located in Downtown Pensacola just a hop, skip and a jump from the thriving city center. Restaurants, entertainment venues, festivals, and festivals are at your disposal. This is the epicenter of the city! This well maintained income producing building will not last long, call today!
The median home value in Pensacola, FL is $240,000. This is lower than the county median home value of $246,900. The national median home value is $338,100. The average price of homes sold in Pensacola, FL is $240,000. Approximately 55.01% of Pensacola homes are owned, compared to 34.57% rented, while 10.42% are vacant. Pensacola real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Pensacola real estate agent to arrange a tour today!
Pensacola, Florida 32501 has a population of 53,845. Pensacola 32501 is more family-centric than the surrounding county with 26.32% of the households containing married families with children. The county average for households married with children is 22.79%.
The median household income in Pensacola, Florida 32501 is $59,119. The median household income for the surrounding county is $56,605 compared to the national median of $69,021. The median age of people living in Pensacola 32501 is 38.4 years.
The average high temperature in July is 89.8 degrees, with an average low temperature in January of 41.7 degrees. The average rainfall is approximately 64.4 inches per year, with 0 inches of snow per year.