2435 Kelso Road, Unit A & B

Pensacola, FL 32514

$225,000
Price
2
Beds
2
Baths
650 Sq. Ft.
$346 / Sq. Ft.
650
Sq. Ft.
$346
per Sq. Ft.

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...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
  1. Listed by Mark Downey • MARK DOWNEY & ASSOCIATES, INC.
  2. Listed by Troy Alsaker

Property Details for 2435 Kelso Road, Unit A & B

Waterfront Features
None
Zoning Description
Commercial
LISTING UPDATED: 11/02/2024 08:20 AM

Property Details for 2435 Kelso Road, Unit A & B

StatusActive
MLS #635364
Days on Market391
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1982
Lot Size-
CountyEscambia County

Virtual Tour

Building Information for 2435 Kelso Road, Unit A & B

Stories1Residences2Year Built1982Building Size-Lot Size-

Property Information for 2435 Kelso Road, Unit A & B

Summary
Location and General Information
  • 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
  • Subdivision Name: None
Taxes and HOA Information
  • 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
Parking
  • Parking Features: Driveway
  • Carport: No
  • Garage: No
  • Open Parking: Yes
Virtual Tour
School Information
  • Elementary School: Mcarthur
  • High School: Tate
  • Middle Or Junior School: Ferry Pass
Property
Lot Information
  • Construction Materials: Frame
  • Levels: One
  • Lot Features: Interior Lot
  • Lot Size Dimensions: 100 x 210
  • Road Responsibility: County Maintained Road
  • Roof: Shingle
  • Cooling: Yes
  • Heating: Yes
  • Home Warranty: No
  • Horse: No
  • New Construction: No
  • Waterfront: No
Property and Assessments
  • Disclaimer: SELLER WILL PAY FOR NO REPAIRS WHATSOEVER - the price of these are at least $40k per unit LESS than others that just sold nearby.
  • Documents Count: 1
  • Parcel Number: 041S300101003019
  • Photos Count: 6
  • Property Condition: Resale
Utilities
  • Electric: Copper Wiring
  • Sewer: Septic Tank
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Slab
  • Pool Features: None
Interior Features
  • Appliances: Water Heater, Electric Water Heater, Refrigerator
  • Cooling: Ceiling Fan(s), Central Air
  • Flooring: Tile, Carpet
  • Heating: Central
  • Laundry Features: Inside
  • Other Equipment: None
  • Stories: 1
  • Window Features: Blinds
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Rental
Rental Information
  • Leasable Area Units: Square Feet
  • Tenant Pays: Cable TV, Electricity, Internet, Trash Collection, Water/Sewer
  • Lease Considered: No

Property History for 2435 Kelso Road, Unit A & B

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2435 Kelso Road, Unit A & B

This home is within Escambia.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Ferry Pass Elementary School
PublicPK to 5

Ferry Pass Middle School
Public6 to 8

Pine Forest High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2435 Kelso Road, Unit A & B is a multi-family home for sale in Pensacola, FL 32514. This property was listed for sale on October 23, 2023 by MARK DOWNEY & ASSOCIATES, INC., it's currently listed at $225,000. This listing's school district is Escambia. Nearby schools include Ferry Pass Elementary School, Ferry Pass Middle School and Pine Forest High School. 2435 Kelso Road, Unit A & B is a 2-bed, 2-bath, 650 sqft multi-family home built in 1982.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MARK DOWNEY & ASSOCIATES, INC.

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.