Seller's Agent in 2024
Mark Downey
MARK DOWNEY & ASSOCIATES, INC.
(850) 456-6616
4 in this area
33 Total Sales
2437 Kelso Rd Unit A & B Pensacola, FL 32514
2
Beds
2
Baths
600
Sq Ft
1982
Built
Highlights
- Interior Lot
- Central Heating and Cooling System
- 1-Story Property
- Tile Flooring
- Ceiling Fan
About This Home
As of October 2024PRICED 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
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1982
Lot Details
- Lot Dimensions: 100
- Interior Lot
Parking
- Driveway
Home Design
- Duplex
- Slab Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 600 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Blinds
- Washer and Dryer Hookup
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Schools
- Mcarthur Elementary School
- Ferry Pass Middle School
- Tate High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Septic Tank
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for electricity, internet, trash collection, water/sewer
- Assessor Parcel Number 041S300101003019
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/07/2024 10/07/24 | Sold | $240,000 | +4.3% | $400 / Sq Ft |
| 07/15/2024 07/15/24 | Price Changed | $230,000 | -8.0% | $383 / Sq Ft |
| 06/11/2024 06/11/24 | Price Changed | $250,000 | -5.7% | $417 / Sq Ft |
| 04/23/2024 04/23/24 | Price Changed | $265,000 | -7.0% | $442 / Sq Ft |
| 03/28/2024 03/28/24 | Price Changed | $285,000 | -3.4% | $475 / Sq Ft |
| 10/24/2023 10/24/23 | For Sale | $295,000 | -- | $492 / Sq Ft |
Source: Pensacola Association of REALTORS®
Tax History Compared to Growth
Agents Affiliated with this Home
-
Mark Downey
-
Troy Alsaker
Seller Co-Listing Agent in 2024
Troy Alsaker
Gulf Real Estate Group, LLC
(850) 382-4681
4 in this area
75 Total Sales
-
Caleb Drake
Buyer's Agent in 2024
Caleb Drake
Levin Rinke Realty
(812) 243-2419
2 in this area
136 Total Sales
Map
Source: Pensacola Association of REALTORS®
MLS Number: 635399
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