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$350,000
3 Beds 2 Baths 688373 MLS
Beautifully Updated 3/2 home with 1 bed Guest Apartment, Additional Lot & No HOA! Welcome to 5911 Lillian Hwy, a beautifully updated property offering versatility, modern upgrades, and plenty of additional space. The main home features 3 bedrooms and 2 bathrooms, with a renovated kitchen and completely updated bathrooms. New appliances and LVP flooring throughout add a fresh, modern feel, while the hardwood ceilings bring warmth and character to the home. Enjoy outdoor living from the covered front porch and back porch, perfect for relaxing or entertaining. Major updates include a new HVAC system, new water heater, and metal roof, providing added peace of mind for the next owner. Behind the main home is a 1-bedroom apartment with a full kitchen and full bathroom, offering excellent flexibility for guests, extended family, a private workspace, or potential rental income. The property also includes the additional lot behind the home, with frontage on Margaretta Blvd, providing extra land to add a pool. Best of all, there is no HOA. With extensive updates, versatile living space, an additional lot, and desirable outdoor areas, this property offers a unique opportunity for homeowners and investors alike. Schedule your showing today!

5911 Lillian Hwy, Pensacola

$217,000
670407 MLS
Take a look at this great investment opportunity! These two homes in the cozy community of Myrtle Grove in Pensacola have nearby attractions such as the Naval Aviation Museum and the stunning beaches of Perdido Key. For prospective Multifamily / Single Family Rental Portfolio investors, the diverse range of amenities and the appeal of this growing coastal city make the location an attractive choice. Great neighborhood. Both homes have back yards for kids and pets to play. There are two houses on one parcel and they share one water meter. They do have separate electric service, and 907 has gas service for the central HVAC and water heater. 909 has window AC units. 907 N 57th Ave has 3 bedrooms and 2 baths. 909 N 57th Ave has 1 bedroom and 1 bathroom. The roof on 907 was replaced in 2019 for the house and 2018 for the shed. The roof on 909 was replaced in 2016. The lease on 907 is $1,195.00/month and expires on November 30th, 2026. The lease on 909 is $895.00/month and expires on February 28, 2027.

907 N 57th Ave Unit #907 and 909 N 5, Pensacola

$150,000
2 Beds 1 Baths 689060 MLS
Charming, updated 2-bedroom, 1-bath cottage conveniently located near downtown Pensacola and just a short drive to the area's beautiful Gulf Coast beaches. Currently operating as a profitable Airbnb, the property generated approximately $27,000 in revenue in 2025 and has already produced approximately $24,000 in 2026, offering an attractive opportunity for investors or second-home buyers. Would also be perfect for those looking for a rare move-in-ready primary residence at this price range.The home has benefited from extensive updates over the past two years, including new interior and exterior paint, new flooring throughout, new fencing, an updated electrical panel, and replacement of the plumbing line between the home and septic system. The kitchen has been completely refreshed with new appliances, countertops, sink and faucet, along with beautifully refinished cabinetry. The bathroom has also been updated with a new vanity, faucet, and bath fixtures. Outside, the cottage offers even more charm and usable living space. An adorable front porch sitting area creates a welcoming first impression and a perfect spot for morning coffee or relaxing at the end of the day. Out back, a large private yard provides plenty of room to enjoy the outdoors, with a small open patio directly outside the home, a storage shed, and an additional covered sitting area farther into the yard—ideal for entertaining, relaxing, or creating a peaceful outdoor retreat. With its combination of recent improvements, established short-term rental income, inviting outdoor spaces, and convenient location near downtown, dining, shopping, entertainment, and the beaches, this cottage offers excellent versatility and value. The seller is willing to install a new roof prior to closing with an acceptable offer.

915 N 60th Ave, Pensacola

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