USAFLPensacolaNew City Tract1601 E Cervantes St

1601 E Cervantes St, Pensacola, FL

Name: 1601 E Cervantes St, For Sale in Pensacola - eXp Realty
Brand: Better Homes And Gardens Real Estate Main Street Properties
SKU: 680916
Price: 725000 USD

House

For Sale

Listed price in listed location currency (USD).

$725,000

000

MLS® 680916

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Garage

Taxes

Days Active 13

Lot Size

Approx. Age 1933

MLS® Number 680916

Property Address: 1601 E Cervantes St, Pensacola, FL, 32501-3478

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number680916

Laundry LevelEnsuite

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1933

Basement

DrivewayOn Street

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 14, 2026List Date

$725,000List Price

Commute

Commute

Starting Address

Destination Address

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