Fresh Improvements. Proven Rental History. Fully Furnished Option. Minutes from Historic Downtown Pensacola. Priced at $214,900, this 2-bedroom, 1-bath cottage offers an appealing combination of affordability, location, flexibility, and rental potential. Whether you're a first-time homebuyer, looking to downsize, searching for a second home, or considering an investment property, this 980-square-foot home is worth a fresh look. The property has recently undergone significant foundation and structural improvements completed with the guidance of an engineer, along with a new subfloor, new LVP flooring, and fresh interior paint. After several months off the market while this work was completed, the home is back with important improvements already addressed. Inside, the open-concept layout offers comfortable and versatile living space, with a bonus area that can serve as a home office, dining area, hobby space, or flex room. The renovated kitchen features cabinetry and stainless-steel appliances, while the renovated bathroom offers modern, contemporary finishes. A 2021 architectural shingle roof, updated HVAC, and newer water heater add additional peace of mind. The outdoor space adds even more versatility. Welcoming front and back porches provide inviting places to relax, while the spacious backyard features mature tropical landscaping, partial fencing, and a generous storage shed on an extended concrete slab. The extended slab also creates a private outdoor area with space for chairs, a firepit, entertaining, or a variety of other uses. For investors, the property's rental appeal is already established. It has been successfully operated as a furnished mid-term rental for several years, offering a proven rental history and an opportunity for a new owner to continue that use. The property also offers short-term rental potential, and could sleep 6-8 comfortably, subject to applicable regulations and requirements. For maximum convenience, the home is available fully furnished and turnkey, allowing a buyer to step into a ready-to-use home or rental setup. And the location is hard to beat. Just minutes from Historic Downtown Pensacola, Palafox Street, NAS Pensacola, and Pensacola Beach, you'll have easy access to restaurants, markets, entertainment, waterfront activities, military facilities, and some of Pensacola's most popular destinations. And yes, the occasional Blue Angels flyover is a memorable local bonus! At $214,900, this is an opportunity to own a manageable, centrally located home with meaningful recent improvements, established rental history, and the flexibility to make it your home, your second home, or your next investment.