2435 Kelso Rd Contingent Save Request In-Person Tour Request Virtual Tour
Pensacola,FL 32514
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Contingent
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $150
MLS Listing ID 635364
Bedrooms 2
Full Baths 2
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1982
Lot Dimensions 100 x 210
Property Description
** Incredible INCOME PRODUCING PROPERTY! *** Rent Potential: $26,400 annual income (and maybe higher) for these 2 units * BRAND NEW ROOF, Many updates to the units including water heaters, one has a new A/C unit, and many other updates ** Both units are currently rented and will cash flow immediately with a Cap Rate of close to 12 (7 is industry standard for a well kept unit)! ** Situated NEXT TO UWF and a mile or so from West Florida Hospital and more, you cannot find a better location with potential for substantial appreciation, in addition to the cash flow ~ Market rent for this property is approx $1,100 a month per side (please confirm the actual rent at the moment - may be lower due to owner slowly graduating the tenants rents higher as many updates were done AFTER the current owner purchased and thus has been slowly increasing rent so as to not chase the current tenants) **** Please verify all features, dimensions, measurements (sq ft of each unit), etc that may be important to you ***** Seller is the 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 Water Heater,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 first gray one on the RIGHT
Story 1
Water Public
Structure Type Frame
New Construction No
Others
Tax ID 041S300101003019
Special Listing Condition As Is