600 E Jackson St Pensacola, FL 32501

Assumable 3.25% FHA loan! Great investment opportunity with this beautifully restored multi-unit property in Old East Hill with a strong rental history and potential to bring in over $80,000 a year. Officially dated to 1908 but likely built in the late 1800s, this corner-lot property combines timeless architecture with updated amenities. Renovated in 2022, it now functions as a versatile four-plex or five-plex-perfect for investors seeking strong rental income, owner-occupants offsetting costs, or even someone wanting to turn it back into a single-family residence in the future. Unit A is a spacious 2BR/1BA with access to both front and back porches plus a screened-in side porch. It includes stacked washer/dryer hookups and can be expanded by connecting to a flexible bonus space. Unit B is a 1BR/1BA with its own washer/dryer hookups, screened porch, and dual porch access. It's proven as a successful short-term rental, generating ~$20K in the past year. Unit C is a well-kept studio with kitchenette and back porch access-efficient living ideal for traveling professionals or long-term tenants. Unit D spans the entire upper floor as a bright, airy 2BR/1BA with private balcony. The fifth space is a finished area with a full bath that can flex as a third bedroom for Unit A, another studio, an office, or storage. Each unit is individually metered and benefits from new HVAC, plumbing, and electrical systems (2022), alongside preserved historic details-high ceilings, large windows, and multiple porches. The property has been strictly non-smoking and pet-free, ensuring a clean, well-maintained condition. This rare property delivers immediate income potential with its flexible layout, while also offering the option to be reimagined as a single-family residence-restoring its historic role as a grand East Hill home. Whether you're an investor or a future homeowner, it's a one-of-a-kind opportunity that balances cash flow today with lifestyle possibilities tomorrow.