Ad #7568897
MLS #680916
Exceptional opportunity to acquire a fully renovated
1601 E Cervantes, Pensacola, FL 32501
$675,000
--Beds
--Baths
--Sqft
--Acres
About this property
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 Features
0 Beds
0 Baths
0 Sqft
Built in 1933
0.000 Acres
On Street
Shingle Roof
Has Fireplace
Central, Fireplace(s)
Escambia County
New City Tract Community
Additional Photos
Contact Information
Blair Phillips Beck
Main Street Properties, Inc
850-912-4123
Location
Listing Agent: Blair Phillips Beck 850-912-4123
Broker: Main Street Properties, Inc 850-912-4123 Listing Site
Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Main Street Properties, Inc 850-912-4123 Listing Site
Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$675,000
--
Beds
--
Baths
--
Sqft
1601 E Cervantes, Pensacola, FL 32501
By contacting this agent you agree to these Terms and Conditions.
MLS# 680916
Exceptional opportunity to acquire a fully renovated
$675,000
1601 E Cervantes, Pensacola, FL 32501
--
Beds
--
Baths
--
Sqft
--
Acres
$675,000
1601 E Cervantes, Pensacola, FL 32501
-- Beds
-- Baths
-- Sqft
-- Acres
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.
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1933
0.000 Acres
EXTERIOR
On Street
Shingle Roof
INTERIOR
Has Fireplace
Central, Fireplace(s)
FINANCIAL & COMMUNITY
Escambia County
New City Tract Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7568897
Viewed
75 times
Listing Status
Active
Added
Apr 14, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Pensacola Association of REALTORS
Source Property ID
680916
Listing Agent: Blair Phillips Beck 850-912-4123
Broker: Main Street Properties, Inc 850-912-4123 Listing Site
Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Main Street Properties, Inc 850-912-4123 Listing Site
Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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