** Incredible INCOME PRODUCING PROPERTY! *** Rent Potential: $26,400 annual income (and maybe higher) for these 2 units * BRAND NEW ROOF, NEW CENTRAL HEAT & AIR UNIT, NEW WATER HEATER and WIRING! * Basically, these units are ready to lease for the long haul, with only minimal cosmetic updates needed, if you desire, though nothing needed currently ** Both units are currently rented and will cash flow immediately with a Cap Rate of close to 12 (6-7 is industry standard)! ** 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) **** 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 **
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 635364
Price : $225,000
Bedrooms : 2
Bathrooms : 2
Square Footage : 595 Sqft
Year Built : 1982
Bathrooms Total : 2
Building Area : 1,500 Sqft
Status : Active
Property SubType : Duplex
Features
Heating System : Central
Cooling System : Central Air, Ceiling Fan(s)
Appliances : Electric Water Heater, Refrigerator, Water Heater
Electric : Copper Wiring
Flooring : Tile, Carpet
Laundry Features : Inside
Lot Features : Interior Lot
Parking Features : Driveway
Roof : Shingle
Sewer : Septic Tank
Address Map
State : FL
County : Escambia
City : Pensacola
Zipcode : 32514
Street : 2435 Kelso Rd # B
Floor Number : 0
Longitude : W88° 47' 23.2''
Latitude : N30° 31' 53.8''
Directions : Driving EAST on E Nine Mile Rd, turn RIGHT (South) on Kelso Rd * Duplex is first gray one on the RIGHT