2050 DELLWOOD AVE Active Save Request In-Person Tour Request Virtual Tour
Jacksonville,FL 32204
Key Details
Property Type Multi-Family, Condo
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,114 sqft
Price per Sqft $189
Subdivision Riverside
MLS Listing ID 2038722
Bedrooms 1
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1946
Annual Tax Amount $8,124
Lot Size 6,098 Sqft
Acres 0.14
Property Description
***PRICE REDUCTION***Discover a prime investment opportunity with this 100% occupied 4-UNIT property in Historic Riverside, featuring a desirable unit mix of three 1/1's and one 2/1. Current avg rents are substantially below market with average in-place rents of $935 per unit. There is significant potential to increase rents to market by renovating interiors with modern finishes and in-unit washer/dryers (the 2/1 has existing washer/dryer hookups). The roof was replaced in 2019. All utilities are submetered. Tenants will appreciate the off-street parking in the of the building, enhancing convenience and security. The property is within walking distance to Five Points and Riverside Park. It is also a short drive to Brooklyn, downtown, and San Marco, providing easy access to many area attractions. This property provides an excellent opportunity for a variety of investor types. An owner occupant could utilize Fannie Mae's 5% down program for multifamily properties. An investor could enhance revenue through furnished and short-term rentals, which are popular in the area due to local employment drivers (St Vincent's, Downtown, Brooklyn) and local points of interest (Shoppes of Avondale, Five Points).
Location
State FL
County Duval
Community Riverside
Area 031-Riverside
Direction On south side of Dellwood st.
Interior
Heating Central
Cooling Central Air
Exterior
Garage Additional Parking
Pool None
Utilities Available Cable Available,Electricity Connected,Sewer Connected,Water Connected
Parking Type Additional Parking
Garage No
Private Pool No
Building
Lot Description Historic Area
New Construction No
Others
Tax ID 0912900000
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan