Affordable Pensacola Property Listed for $85,000 With Room to Add Value

An affordable property with potential for a new owner or real estate investor is drawing attention in Pensacola, Florida. Located at 3704 W Lloyd Street, this single-family home is listed for $85,000 after a $14,000 price reduction from its earlier asking price of $99,000.

Built in 1942, the property offers approximately 1,230 square feet of living space, a fenced backyard and a one-car garage. Its layout and central location could appeal to buyers searching for a home they can personalize or investors looking for a property with income potential.

Four Bedrooms and Two Full Bathrooms

The home is listed with four bedrooms and two full bathrooms, although the marketing description refers to it as a three-bedroom property with an additional flexible bonus area that could potentially serve as an office, playroom or extra bedroom. Buyers should verify the official bedroom count and permitted use of the space during their due diligence.

Inside, the single-story layout includes a comfortable living area and generously sized bedrooms. Vinyl and simulated-wood flooring are among the listed interior features, while the home’s practical arrangement offers flexibility for different living needs.

The listing notes that the property may benefit from cleanup and personal touches, giving a new owner the opportunity to evaluate its condition and decide which improvements make the most sense.

Fenced Backyard and Garage

Outside, the property includes a fully fenced backyard and a one-car garage. These features can provide useful outdoor space, additional privacy and covered parking.

The home sits on a lot of approximately 8,995 square feet, offering room to enjoy the yard and make the most of the property’s outdoor areas.

Potential for Investors or Owner-Occupants

The listing highlights potential rental income, stating that the home has previously been rented for approximately $1,300 per month. That figure is a historical listing claim, not a guarantee of future rent or investment returns. Prospective buyers should independently assess current rental rates, repair costs, insurance, taxes and other expenses.

The location also provides access to everyday destinations in Pensacola. According to the listing, Cordova Mall, Baptist Hospital and Interstate 110 are only a short drive away, offering convenient connections to shopping, services and major roads.

Property Details at a Glance

• Asking price: $85,000
• Location: 3704 W Lloyd Street, Pensacola, Florida
• Bedrooms: Listed as 4; description also refers to 3 bedrooms plus a flexible bonus area
• Bathrooms: 2 full bathrooms
• Living area: Approximately 1,230 square feet
• Lot size: Approximately 8,995 square feet
• Year built: 1942
• Parking: One-car garage
• Outdoor feature: Fully fenced backyard
• Home type: Single-family residence
• Homeowners association: None reported

A Property Worth Investigating Carefully

With its reduced asking price, garage, fenced yard and potential to be personalized, this Pensacola home may interest buyers seeking an affordable entry into homeownership or investors evaluating a renovation and rental opportunity.

However, the listing indicates that some cleanup and personal touches may be needed. Interested buyers should arrange an inspection, confirm the home’s current condition and verify all property details before making an offer.

Listing status note: Online listing information has shown the property as contingent or under contract, so prospective buyers should confirm current availability with the listing agent.

Property information is based on online listing details and may change. Price, availability, property condition and rental potential should be independently verified.

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Listed on Zillow