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2437 Kelso Rd Unit A & B

Pensacola, FL 32514

2 beds
2 baths
600 sqft
$400 per sqft
1982 build
– on site

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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

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

Last checked: Checking… • Last updated Oct 27, 2024 •

MLS# 635399 —

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:

W/D Hookups

Room Dimensions

Living Area Units:

Square Feet
Living Area:

600

Location

Directions:

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

30.531808
Longitude:

-87.210568

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

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:

Electric 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

Sale history

Date	Event	Source	Price	% Change
10/7/24 Oct 7, 2024	Sold	PAR	$240,000

Multifamily Sold on 10/7/2024

$240,000

Listing provided by broker:

Mark Downey

MARK DOWNEY & ASSOCIATES, INC.

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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.

2437 Kelso Rd Unit A & B

Pensacola, FL 32514