2437 Kelso Rd #A & B

Pensacola, FL 32514
$240,000
1500 sqft | 2 beds | 2 baths | #635399

Description

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
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  • Interior Details
    • Beds & Baths
      • Bedrooms:2
      • Bathrooms:2
      • Full Baths:2
  • Property Details
    • Property
      • Lot description:Interior Lot
    • Measurements
      • Square Feet:1500
  • Construction Details
    • Type & Style
      • Property type:Multi-Family
    • Condition
      • Year built:1982
    • Material information
      • Foundation:Slab
  • Utilities / Energy Details
    • Utility
      • Sewer information:Septic Tank
      • Utility source:Public
  • Community and Neighborhood Details
    • Location
      • Elementary School:Mcarthur
      • Middle School:Ferry Pass
      • High School:Tate
      • County:Escambia
  • Financial Details
    • Pricing Details
      • Original List Price:$295, 000
  • Other
    • Source
      • MLS #:635399

Location

Central Bay Realty and Property ManagementReal Estate Group