Homes for sale - 2435 Kelso Rd, Pensacola, FL 32514

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Gordon Dey

hello@gordondeysrealestate.com +1(850) 748-0575

Listed by Mark Downey • MARK DOWNEY & ASSOCIATES, INC.

$ 225,000

Est. payment | -/mo

2 Beds

2 Baths

1,500 SqFt

Save Virtual Tour

$ 225,000

Est. payment | -/mo

Save Virtual Tour

2 Beds

2 Baths

1,500 SqFt

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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(850) 748-0575

hello@gordondeysrealestate.com

731 Pensacola Beach Blvd, Pensacola Beach, Florida, 32561, USA

2435 Kelso Rd Pensacola, FL 32514