3 months on rocket

2435 Kelso Rd Unit A & B, Pensacola, FL, 32514

$225,000

Home List Price

$2,672*

Closing Credit

2 Bedrooms
2 Full Baths
650 SqFt
$346/SqFt
Multi

Location

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2435 Kelso Rd Unit A & B, Pensacola$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway
Year Built1982
HeatingCentral
CoolingCeiling Fan(s), Central Air
WaterfrontNone
MLS #635364
StatusActive

About 2435 Kelso Rd Unit A & B

** 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 **

Property Details

Property Features

Property Information:

  • Year Built: 1982
  • Stories: 1
  • Living Area: 650 SqFt

Listing Office:

  • Office Name: MARK DOWNEY & ASSOCIATES, INC.
  • Office Phone: (850) 456-6616
  • Listing Agent: Mark Downey

Interior Features

Interior Information:

  • Appliances: Water Heater, Electric Water Heater, Refrigerator
  • Flooring Type: Tile, Carpet

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: None

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot: Interior Lot

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: Driving EAST on E Nine Mile Rd, turn RIGHT (South) on Kelso Rd * Duplex is first gray one on the RIGHT

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $346/SqFt
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Housing Market Comparison

See how this home compares to others in Pensacola, FL.

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Pensacola, FL

City

Med. Sold Price

$286.5K

Med. Price/SqFt

$177

Avg. Days On Market

62

# of Sold Homes

314

2435 Kelso Rd Unit A & B vs Pensacola

110 DAYS ON ROCKET

+48 Days

$225,000

-$61.5K Less

$346/SqFt

+$168 More

KEY TAKEAWAY

This property is $61.5K less than the Median Sold Price and $168/SqFt more than other homes in Pensacola, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Pensacola MLS
  • MLS Number: #635364

Listing Office:

  • Office Name: MARK DOWNEY & ASSOCIATES, INC.
  • Office Phone: (850) 456-6616
  • Listing Agent: Mark Downey

Copyright © 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. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.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 displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-707445
5
/10

  • Ferry Pass Elementary School

  • 8310 N Davis Hwy

  • 1.27 miles

  • Public District Grades PK-5

school-card-donut-707446
2
/10

  • Ensley Elementary School

  • 501 E Johnson Ave

  • 2.58 miles

  • Public District Grades PK-5

school-card-donut-707447
3
/10

  • Reinhardt Holm Elementary School

  • 6101 Lanier Dr

  • 3.18 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,700. The most common annual income of people living in Pensacola, FL is between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Escambia County›Pensacola›32514›2435 Kelso Rd Unit A & B

This home is located at 2435 Kelso Rd Unit A & B in Pensacola, FL and zip code 32514 in the Ferry Pass neighborhood. This 650 square foot home was built in 1982. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $225,000.

In October 2024, from all listings sold in Pensacola, FL there were more than 36 sold above asking price, over 163 sold below and more than 85 were sold right at the asked price. The number of homes for sale in Pensacola, FL increased by 4.3% between September 2024 and October 2024. While the average time on the market in October 2024 was 62 days, the median list price was $286,592.

From Rocket Homes Real Estate and based on county public records data.

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