Bought with Caleb Drake • Levin Rinke Realty
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2437 Kelso Rd Pensacola, FL 32514
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Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $160
MLS Listing ID 635399
Sold Date 10/07/24
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1982
Lot Dimensions 100 x 210
Property Sub-Type Duplex
Source Pensacola MLS
Property Description
PRICED WELL BELOW MARKET VALUE with a cap rate of around 12!! Industry Standard is around 6-7 meaning this produces almost double of. an investment typical to it! *** Rent Potential: $26,400 annual income or better or around $100k annual for all 8 units!! * BRAND NEW ROOF, new wiring, new water heater, new Air Con ditioner/Heater *** One side of the duplex has been completely updated: all new paint, flooring, cabinets and countertops, appliances, and more! * The other side is also in great condition * Either live in one side to start your investment portfolio while producing income, or continue to lease both sides for maximum cash flow! * Both units are leased for approx $1050-1100/each (please confirm at time of contract) * Situated just south of 9 Mile Rd & Davis Hwy, the duplex is right outside the UWF campus, and close to all of the amenities of 9 Mile Rd, including the Navy Federal campus~ you cannot find a better location with potential for substantial appreciation, in addition to the cash flow ***** Please verify all features, dimensions, measurements (including sq ft of each unit), etc that may be important to you ** Seller is Broker of Record, and is a licensed Real Estate Broker in FL and AL
Location
State FL
County Escambia
Zoning Commercial
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Tile, Carpet
Appliance Electric Water Heater, Refrigerator
Exterior
Parking Features Driveway
Pool None
Waterfront Description None
View Y/N No
Roof Type Shingle
Garage No
Building
Lot Description Interior Lot
Faces Driving EAST on E Nine Mile Rd, turn RIGHT (South) on Kelso Rd * Duplex is second gray one on the RIGHT
Story 1
Water Public
Structure Type Frame
New Construction No
Others
Tax ID 041S300101003019
Special Listing Condition As Is
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