Pensacola, FL 32514,2437 Kelso Rd
Pensacola, FL 32514,2437 Kelso Rd
Pensacola, FL 32514,2437 Kelso Rd
12
Listed by Mark Downey • MARK DOWNEY & ASSOCIATES, INC.
Bought with Caleb Drake • Levin Rinke Realty
$240,000
$230,000
4.3%
Est.Price: ?

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2 BD
2 BA
1,500 SqFt

2437 Kelso Rd Pensacola, FL 32514

Est. payment /mo
SOLD DATE : 10/07/2024

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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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agent

Michelle Johnson

Agent | License ID: 3406619

+1(850) 637-2392

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