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2435 Kelso Rd Unit A & B

Pensacola, FL 32514

2 beds
2 baths
650 sqft
$346 per sqft
1982 build
– on site

** 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 **

Listing courtesy of PAR / MARK DOWNEY & ASSOCIATES, INC.

Last checked: Checking… • Last updated Nov 2, 2024 •

MLS# 635364 —

The Building

Year Built:

1982
New Construction:

false
Construction Materials:

Frame
Levels:

One
Stories:

1
Roof:

Shingle
Foundation Details:

Slab
Window Features:

Blinds
Building Area Total:

1500
Building Area Units:

Square Feet

Interior

Flooring:

Tile
Laundry Features:

Inside

Room Dimensions

Living Area Units:

Square Feet
Living Area:

650

Location

Directions:

Driving EAST on E Nine Mile Rd, turn RIGHT (South) on Kelso Rd * Duplex is first gray one on the RIGHT
Latitude:

30.531609
Longitude:

-87.210209

The Property

Parcel Number:

041S300101003019
Property Type:

Residential Income
Property Subtype:

Duplex
Property Condition:

Resale
Lot Features:

Interior Lot
Lot Size Dimensions:

100 x 210
Lot Size Units:

Acres
Zoning Description:

Commercial
Horse:

false
Waterfront:

false
Waterfront Features:

None
Other Equipment:

None
Road Responsibility:

County Maintained Road

Listing Agent

Contact info:

Taxes

Tax Legal Description:

LTS 3 4 AND W 50 FT OF LT 23 BLK 19 FERRY PASS HTS PB 1 P 64 OR 8983 P 1326 SEC 4/15/16 T1S R30W

Beds

Bedrooms Total:

2

Baths

Bathrooms Total:

2
Total Baths:

2
Full Baths:

2

The Listing

Virtual Tour URL Unbranded:

https://youtube.com/shorts/GfUvdT2me7E?si=D2a3nHvw7lpwr8hJ
Home Warranty:

false

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Ceiling Fan(s)
Cooling:

true

Utilities

Electric:

Copper Wiring
Sewer:

Septic Tank
Water Source:

Public

Appliances

Appliances:

Water Heater

Schools

Elementary School:

Mcarthur
Middle Or Junior School:

Ferry Pass
High School:

Tate

The Community

Subdivision Name:

None
Pool Features:

None

Parking

Garage:

false
Carport:

false
Parking Features:

Driveway
Open Parking:

true

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Cox

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
8/13/24 Aug 13, 2024	Listed / Active	PAR	$225,000

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This multifamily located in North Central Pensacola, Ferry Pass, FL 32514 is currently for sale for $225,000. 2435 Kelso Rd Unit A & B is a 650 square foot multifamily with 2 beds and 2 baths that has been on Estately for 101 days. 2435 Kelso Rd Unit A & B is in the North Central Pensacola neighborhood of Ferry Pass and has a WalkScore® of 48, making it car-dependent. This multifamily is in the attendance area of Pine Forest High School, Ferry Pass Elementary School, and Ferry Pass Middle School.

Listing Courtesy of: PAR and MARK DOWNEY & ASSOCIATES, INC..

© Copyright 2024 by the Multiple Listing Service of the Pensacola Association of REALTORS. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.