115 Milton Rd Priced at $214, 900, this 2-bedroom, 1-bath, 980 SF cottage offers affordability, flexibility, and investment potential just minutes from Historic Downtown Pensacola. Recent improvements include engineer-guided foundation and structural work, new subfloor and LVP flooring, fresh interior paint, and more. The 2021 architectural shingle roof, updated HVAC, and newer water heater provide added peace of mind. Inside, the open-concept layout includes a versatile bonus area ideal for an office, dining space, hobby room, or flex space. The renovated kitchen features cabinetry and stainless-steel appliances, while the updated bath offers modern finishes. Outside, enjoy inviting front and back porches, mature tropical landscaping, a partially fenced backyard, and a spacious storage shed on an extended concrete slab. The slab also provides a private outdoor area for seating, a firepit, or entertaining. The property has successfully operated as a furnished mid-term rental for several years, providing a proven rental history. Short-term rental potential may also be available, subject to applicable regulations. The home is offered fully furnished and turnkey, making it ideal as a primary residence, second home, or investment property. Conveniently located near Historic Downtown Pensacola, Palafox Street, NAS Pensacola, and Pensacola Beach, with easy access to dining, entertainment, waterfront activities, and military facilities. Plus, you may even catch an occasional Blue Angels flyover! A move-in-ready home with meaningful recent improvements, established rental history, and excellent location-all at $214, 900.