Sold for $240,000
$240,000
2437 Kelso Rd #A & B, Pensacola, FL 32514
2beds
600sqft
Duplex
Built in 1982
-- sqft lot
$239,100 Zestimate®
$400/sqft
$1,275 Estimated rent
Home value
$239,100
$213,000 - $270,000
$1,275/mo
Zestimate® history
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What's special
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
Zillow last checked: 8 hours ago
Listing updated: October 09, 2024 at 12:38pm
Listed by:
Mark Downey 850-456-6616,
MARK DOWNEY & ASSOCIATES, INC.,
Troy Alsaker 850-382-4681,
MARK DOWNEY & ASSOCIATES, INC.
Bought with:
Caleb Drake
Levin Rinke Realty
Source: PAR,MLS#: 635399
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Electric Water Heater, Refrigerator
- Laundry: W/D Hookups
Features
- Flooring: Tile, Carpet
- Windows: Blinds
- Has basement: No
Interior area
- Total structure area: 1,500
- Total interior livable area: 600 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
- Waterfront features: None
Lot
- Dimensions: 100 x 210
- Features: Interior Lot
Details
- Parcel number: 041s300101003019
- Zoning description: Commercial
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Frame
- Foundation: Slab
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1982
Utilities & green energy
- Electric: Copper Wiring
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Location
- Region: Pensacola
- Subdivision: None
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2024 | Sold | $240,000+4.3%$400/sqft |
Source: | ||
| 8/10/2024 | Contingent | $230,000$383/sqft |
Source: | ||
| 7/15/2024 | Price change | $230,000-8%$383/sqft |
Source: | ||
| 6/11/2024 | Price change | $250,000-5.7%$417/sqft |
Source: | ||
| 4/23/2024 | Price change | $265,000-7%$442/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Neighborhood: 32514
Nearby schools
GreatSchools rating
- 7/10Ferry Pass Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 4/10Ferry Pass Middle SchoolGrades: 6-8Distance: 1.5 mi
- 2/10Pine Forest High SchoolGrades: 9-12Distance: 5.9 mi
Schools provided by the listing agent
- Elementary: Mcarthur
- Middle: FERRY PASS
- High: Tate
Source: PAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$239,100
2% more+$4,782
With Zillow Showcase(estimated)$243,882


