Sold
Last Sold Price
4 beds750 sqft
2501 Kelso Rd, Unit AD, Pensacola, FL 32514
Multi FamilyProperty Type
2016Year Built
$649/sq ftPrice per sq ft

Description

4 NEWER UNITS built in 2016 and in excellent condition! Plus, there are 2 other duplexes (4 more units for a total of 8 units - RENT POTENTIAL $52,800 of annual income for these 4 units (and the potential to raise the rent higher perhaps) and a total of around $100k annual for all 8 units This offering is two (2) duplexes on the same parcel for a total of 4 units, being sold together One unit has just been updated with new flooring, fixtures, paint, appliances, and more! 2 other units are in exceptional...4 NEWER UNITS built in 2016 and in excellent condition! Plus, there are 2 other duplexes (4 more units for a total of 8 units - RENT POTENTIAL $52,800 of annual income for these 4 units (and the potential to raise the rent higher perhaps) and a total of around $100k annual for all 8 units This offering is two (2) duplexes on the same parcel for a total of 4 units, being sold together One unit has just been updated with new flooring, fixtures, paint, appliances, and more! 2 other units are in exceptional condition, with one unit requiring some updates (paint and flooring - very inexpensive to update), but all are rented so you can just leave it like it is and collect a nice paycheck monthly, or update one unit, and get even more rent! Note the last unit mentioned is month-to-month and the tenant can easily be removed allowing for an owner-occupant to purchase and only 3% or if VA, ZERO down! Situated in perhaps the BEST location in Pensacola for investment property, RIGHT next to UWF, West Florida Hospital, 10 mins to Downtown Pensacola and more! Again, these 2 duplexes were built in 2016, so all major components are newer and there should be no major repairs for quite awhile! The seller may offer owner financing with $150k down and a 3 yr balloon - amortized over 25 years at 8%. Please verify all features, dimensions, measurements, etc that may be important to you - unsure of the exact square footage Seller is also the Broker of record for the listing and a licensed Real Estate Broker in FL and AL. VIDEOS are posted and available to view for each unit
  • Listed by: Mark Downey • MARK DOWNEY & ASSOCIATES, INC.
  • Listed by: Troy Alsaker • MARK DOWNEY & ASSOCIATES, INC.
Listing closed: 09/02/2024 12:00 AM • Source: PENSACOLA, MLS#: 634914

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Recent comparable sales

Median sold price

$452,000

Avg days on market

70

Sale-to-list ratio

98.6%

Pensacola, FL

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Location

Listing Courtesy of MARK DOWNEY & ASSOCIATES, INC.

Sold By Engel & Volkers Pensacola

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Property Information for 2501 Kelso Road, Unit AD

Property Details
  • MLS Type: Residential Income / Quadruplex
  • Waterfront Features: None
  • Zoning Description: Commercial
Building Information
  • Stories: 1
  • Residences: 4
  • Year Built: 2016
Summary
Location and General Information
  • Directions: Driving NORTH on N Davis Hwy, just before 9 Mile Rd, turn LEFT (West) onto Copter Rd at the RaceWay. Take the next RIGHT on Latham. Duplexes will be on your Right, at the corner of Kelso Rd and Latham St. (They are back to back on the same parcel and the address may show 2601 Units A & B - which are actually units C & D). They are all on the same parcel of land and thus being sold as a Quad. They could be sold separately however.
  • Latitude: 30.531565
  • Longitude: -87.2095
  • Subdivision Name: Ferry Pass Heights
Taxes and HOA Information
  • Tax Legal Description: LT 1 BLK 17 FERRY PASS HTS PB 1 P 64 OR 7229 P 181 SEC 4/15/16 T1S R 30
Parking
  • Parking Features: Driveway
  • Carport: No
  • Garage: No
  • Open Parking: Yes
Virtual Tour
School Information
  • Elementary School: Ferry Pass
  • High School: Pine Forest
  • Middle Or Junior School: FERRY PASS
Property
Lot Information
  • Construction Materials: Frame
  • Levels: One
  • Lot Features: Interior Lot
  • Lot Size Dimensions: 50x170
  • Road Responsibility: County Maintained Road
  • Roof: Shingle
  • Cooling: Yes
  • Heating: Yes
  • Home Warranty: No
  • Horse: No
  • New Construction: No
  • Waterfront: No
Property and Assessments
  • Disclaimer: SELLER WILL PAY FOR NO REPAIRS WHATSOEVER - the price of these are at least $40k per unit LESS than others that just sold nearby.
  • Documents Count: 0
  • Parcel Number: 041S300101001017
  • Photos Count: 13
  • Property Condition: Resale
Utilities
  • Electric: Copper Wiring
  • Sewer: Septic Tank
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Slab
  • Pool Features: None
Interior Features
  • Appliances: Electric Water Heater, Refrigerator
  • Cooling: Ceiling Fan(s), Central Air
  • Flooring: Tile
  • Heating: Central
  • Interior Features: Ceiling Fan(s), Vaulted Ceiling(s)
  • Stories: 1
Room Information
Room Information
  • Room Kitchen Features: Pantry
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Rental
Rental Information
  • Leasable Area Units: Square Feet
  • Tenant Pays: Electricity, Internet, Trash Collection, Water/Sewer
  • Lease Considered: No

Property History for 2501 Kelso Road, Unit AD

DateEvent & SourcePriceAppreciation
Sep 2, 2024

Sold

PENSACOLA #634914

$486,500—
Aug 21, 2024

In Contract

PENSACOLA #634914

—
Jul 25, 2024

Pending

PENSACOLA #634914

—
DateEvent & SourcePrice
09/02/2024

Sold

PENSACOLA #634914

$486,500
08/21/2024

In Contract

PENSACOLA #634914

—
07/25/2024

Pending

PENSACOLA #634914

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 2501 Kelso Road, Unit AD

This home is within Escambia County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Ferry Pass Elementary School
PublicPK to 5

Ferry Pass Middle School
Public6 to 8

Pine Forest High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2501 Kelso Road, Unit AD, Pensacola, FL 32514
$486,500
4
750
–
$486,500
–
1
1,064
8,712
$290,000
–
980
–
$290,000
–
2
1,990
14,810
$90,000
–
1
700
9,148
$110,000
–
2
1,150
14,810

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MARK DOWNEY & ASSOCIATES, INC.

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.