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Pensacola,FL 32503
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FOR SALE - ACTIVE

1629 E Lakeview Ave, Pensacola FL 32503

0
Beds
0
Bathrooms
-
2772 sq.ft
1947
About this place
Welcome to the epitome of opportunity in East Hill! Discover a rare gem in this vibrant neighborhood, featuring three distinct properties on a single expansive lot, offering unparalleled potential for savvy investors or those seeking multifamily living options. Situated in the desirable East Hill neighborhood, this property is surrounded by parks, shopping, and dining options, enhancing its appeal to potential tenants and short-term guests alike. Main House: The centerpiece of this property is a charming main house with two bedrooms and two baths, with the possibility to expand by converting the existing sunroom into a third bedroom. Duplex Units: Adjacent to the main house, you'll find a fully-furnished duplex, each unit boasting a generously sized bedroom and bathroom. These units have a proven track record as successful short-term Airbnb rentals, providing immediate and lucrative income potential. Investment Highlights - Turnkey Income: All three units are currently leased and ready to generate rental income from day one. Proven Success: These units have a history of high occupancy, and the duplex units have operated as successful short-term Airbnbs with positive reviews in the past. Expansion Potential: The main house offers the opportunity to increase its value by adding an extra bedroom. Multi-Property Package: Diversify your portfolio with three separate rental opportunities on one lot. High Demand Area: East Hill's vibrant community and amenities make it a sought-after location for both long-term tenants and short-term visitors. NEW roofs installed July 2024. Online estimates do not accurately reflect the duplex on the property. Don’t miss out on this exceptional opportunity to own a piece of East Hill's charm and maximize your investment potential!
Property Highlights
Property type
Other
year built
1947
County
Escambia
city
Pensacola
bedrooms
0
baths
0
Parking
-
Square feet
2772 sq.ft
Lot size area
-
Lot size dimensions
-
Waterfront
No
Exterior Features
roof
Shingle
Construction features
exterior
-
pool
No
Interior Features
cooling
No
floors
-
Interior features
Sun Room
ftr appliance
-
Dining type
-
cooling
No
design
-
Show 20+ more property details

1629 E Lakeview Ave, Pensacola FL 32503 is located in

Directions
Directions
FROM CERVANTES, NORTH ON 17TH TO LAKEVIEW. CORNER OF 17TH AND LAKEVIEW.
Elementary School
Oj Semmes
Middle School
Workman
High School
Pensacola

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Loan term
0 Years
Interest
0 %
Property price
$0
Down payment
0%
$0
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$250 per month
This estimated monthly payment is for reference purposes only, based on a 7.5% interest rate, a 20% down payment, and a 30-year loan term. Actual rates, terms, and payments may vary. For personalized mortgage details, please consult a financial professional or reach out to us for assistance via our contact page.
30 year fixed, 7.25% interest
734000
Est. payment $2500/ mo
This estimated monthly payment is for reference purposes only, based on a 7.5% interest rate, a 20% down payment, and a 30-year loan term. Actual rates, terms, and payments may vary. For personalized mortgage details, please consult a financial professional or reach out to us for assistance via our contact page.

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Frequently asked questions

Find fast answers to common questions about our home search and buying process. For more details, contact our team.

What should I consider when buying a home in Pensacola?

When buying a home in Pensacola, consider factors like proximity to schools, work, and amenities, as well as property taxes and the long-term value of the neighborhood. Pensacola offers diverse housing options, from coastal living to suburban communities. At StraightForward Realty, we guide buyers through understanding local market trends and finding the right fit.

What’s the home-buying process in Gulf Breeze?

The home-buying process in Gulf Breeze typically begins with securing financing, followed by finding a home that suits your needs. Once you’ve found a property, you’ll make an offer, complete inspections, and finalize the mortgage. StraightForward Realty helps simplify this process, ensuring you find the perfect Gulf Breeze home while navigating negotiations and paperwork.

How can I find the best beachfront properties in Pensacola Beach?

Beachfront properties in Pensacola Beach are highly sought after, so working with a local expert is key. StraightForward Realty has access to the latest listings and can help you act quickly when properties hit the market. We can also guide you through zoning laws, insurance requirements, and property maintenance unique to beachfront homes.

What are the best neighborhoods for families in Pace?

Pace is known for its family-friendly neighborhoods, with highly rated schools, parks, and a close-knit community feel. Some of the best neighborhoods for families include Stonebrook Village and North Harbor. StraightForward Realty can help you explore these areas, providing insights into school districts, amenities, and property values.

What’s the average home price in Milton, FL?

The average home price in Milton varies depending on location, size, and amenities. Currently, homes range from $200,000 to $400,000, with properties near parks or schools generally commanding higher prices. StraightForward Realty will help you understand market trends and secure the best deal based on your budget and preferences.

How do I get pre-approved for a mortgage in Cantonment?

Getting pre-approved for a mortgage in Cantonment involves submitting financial documents such as tax returns, bank statements, and credit reports to a lender. Pre-approval helps streamline the buying process and makes you a more attractive buyer. StraightForward Realty can connect you with trusted local lenders to help you get pre-approved.

Are there any first-time homebuyer programs in Pensacola?

Yes, Pensacola offers several first-time homebuyer programs, including down payment assistance and favorable loan terms. These programs can help lower your upfront costs and make homeownership more accessible. StraightForward Realty will guide you through eligibility requirements and help you take advantage of these programs.

What should I look for in a Gulf Breeze investment property?

When searching for investment properties in Gulf Breeze, consider factors like location, rental demand, and potential for property appreciation. Gulf Breeze is popular for vacation rentals, making beachfront properties and homes near attractions ideal for investors. StraightForward Realty provides insights into local rental markets and helps you make informed decisions.

How long does it take to close on a home in Pensacola Beach?

Closing on a home in Pensacola Beach typically takes 30-45 days, depending on the complexity of the transaction and financing. To ensure a smooth closing, it's important to work with local experts familiar with the area. StraightForward Realty coordinates with lenders, inspectors, and title companies to keep everything on track.

What are the property taxes like in Pace, FL?

Property taxes in Pace, FL, are relatively moderate compared to other parts of Florida. They are typically calculated based on the assessed value of your home and any applicable exemptions. StraightForward Realty can help you estimate property taxes for homes you’re interested in, allowing you to factor them into your long-term financial planning.

What is the best time of year to sell a home in Pensacola?

The ideal time to sell a home in Pensacola often depends on market trends, but typically, spring and summer are the best seasons. Warmer weather brings out more buyers, and families prefer to move during this time. That said, each neighborhood, from Gulf Breeze to Milton, can have unique selling windows, so it's important to consult a local real estate expert to get specific insights about your area.

How can I price my home competitively in Gulf Breeze?

To price your Gulf Breeze home competitively, a thorough market analysis is essential. Our team at StraightForward Realty will evaluate recent sales of similar properties in Gulf Breeze, assess your home's condition, and consider neighborhood demand. We aim to set a price that attracts buyers while maximizing your return in this sought-after coastal area.

What are the top features buyers look for in Pensacola Beach homes?

Homes in Pensacola Beach often attract buyers looking for waterfront properties, modern amenities, and proximity to the ocean. Features like updated kitchens, outdoor living spaces, and energy-efficient systems can increase the value of your property. StraightForward Realty can help you highlight these features to appeal to buyers in this unique coastal market.

How do I prepare my home for sale in Pace?

Preparing your home for sale in Pace involves decluttering, making necessary repairs, and staging the property to appeal to local buyers. Since Pace is a family-friendly area, showcasing spaces like family rooms, backyards, and proximity to schools can help attract buyers. We can provide personalized recommendations to help your home shine.

What are the benefits of selling my home with StraightForward Realty?

Selling with StraightForward Realty means working with a team that knows Pensacola, Gulf Breeze, and surrounding areas inside out. We leverage local market expertise, targeted marketing strategies, and strong negotiation skills to ensure your home sells quickly and at the best price. Our local SEO-focused marketing will maximize your listing's visibility to buyers searching in these areas.

How long does it typically take to sell a home in Milton?

Homes in Milton typically sell within 30-60 days, depending on the market, condition of the home, and price point. Homes priced competitively in high-demand areas, like those near local schools and parks, often sell quicker. At StraightForward Realty, we analyze your property's location and market trends to give you a clearer timeframe.

What’s the process of selling a property in Cantonment?

Selling a property in Cantonment involves several steps: determining your home’s value, preparing it for the market, listing it on MLS and other platforms, and negotiating offers. Cantonment has seen steady growth, so it's important to price your property right. StraightForward Realty will handle all aspects of the process, from listing to closing.

Can I sell my rental property in Pensacola while tenants are living in it?

Yes, you can sell a rental property in Pensacola while tenants are still living in it, but it requires careful communication and planning. Florida law provides certain rights to tenants, and StraightForward Realty will guide you through this process while ensuring minimal disruption to your tenants and potential buyers.

Do I need to make repairs before selling my home in Gulf Breeze?

While making repairs can increase the value and appeal of your Gulf Breeze home, it's not always necessary. StraightForward Realty will evaluate the condition of your home and advise on the most cost-effective repairs to help you get the best price. In some cases, selling "as-is" may be the best strategy for a quick sale.

How do I handle multiple offers on my Pensacola Beach property?

Receiving multiple offers on your Pensacola Beach property can be exciting, but it’s important to evaluate each one carefully. StraightForward Realty will help you compare the terms, including price, contingencies, and buyer qualifications, ensuring you select the offer that best meets your needs and timeline.

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