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2437 Kelso Rd , A & B

Pensacola, FL 32514
  • $230,000
  • STATUS: Active
  • ON SITE: 270 Days
  • MLS #: 635399
Price Reduced
UPDATED: 148 min ago
$230,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 600
    SQFT
  • $383
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1982
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

8 UNITS AVAILABLE TOTAL - This is 2 of the 8 units ~ 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 *** Owner may offer owner financing with $75k down and a 3 yr balloon with 25 yr amortization at 8% ***** 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

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© 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. Data last updated: 2024-07-21T09:54:36.68.
www.perdidokeypropertysearch.com/homes/144654833
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2437 Kelso Rd , A & B Pensacola, FL 32514

  • Price: $230,000
  • Status: Active
  • On Site: 270 Days
  • Updated: 148 min ago
  • MLS #: 635399
2
Beds
2
Baths
0
½ Baths
N/A
Acres
600
SQFT
$383
$/SQFT
1982
Built
Neighborhood:
None
County:
Escambia
Area:
Pensacola
Elementary School:
Mcarthur
Middle School:
Ferry Pass
High School:
Tate
Property Description
8 UNITS AVAILABLE TOTAL - This is 2 of the 8 units ~ 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 *** Owner may offer owner financing with $75k down and a 3 yr balloon with 25 yr amortization at 8% ***** 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
Exterior Features

Carport YN No Construction Materials Frame Foundation Details Slab Garage YN No Levels One Lot Features Interior Lot Open Parking YN Yes Parking Features Driveway Pool Features None Roof Shingle Waterfront Features None Waterfront YN No

Interior Features

Appliances Electric Water HeaterRefrigerator Cooling Ceiling Fan(s)Central Air Cooling YN Yes Flooring TileCarpet Heating Central Heating YN Yes Laundry Features W/D Hookups Window Features Blinds

Property Features

Building Area Total 1500 Electric Copper Wiring Home Warranty YN No Horse YN No Lease Term 12 MonthsNone Listing Agreement Exclusive Right To Sell New Construction YN No Other Equipment None Possession Close Of EscrowRental Agreement Property Condition Resale Property Sub Type Duplex Road Responsibility County Maintained Road Sale Rent For Sale Sewer Septic Tank Tenant Pays ElectricityInternetTrash CollectionWater/Sewer Water Source Public Zoning Description Commercial

Listing provided by MARK DOWNEY & ASSOCIATES, INC.: 850-456-6616.


© 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. Data last updated: 2024-07-21T09:54:36.68.
 
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The Kathy Justice Team - Levin Rinke Realty
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Perdido Key FL, 32507