909 CEDAR ST Jacksonville, FL 32207

Amazing Investment Opportunity located one block from the St. Johns River of Historic San Marco. Recently Renovated Triplex with Great Income Potential. Gross Income for 2021 was over $80,000. Being Sold Furnished making this a complete turnkey investment to purchase and start cash flowing.

This charming triplex is located on a quiet street in the popular Southbank district major medical hub within walking or biking distance to unique San Marco restaurants, nightlife, shopping, vintage movie theater and beautiful parks. Also, just a short bike ride or walk across the St. Johns River using the Fuller Warren Bridge 12-ft Shared Use Path providing a wonderful new connection between two of Jacksonville's most vibrant areas - San Marco and Riverside (summer 2022).

Zoned CRO, this beautifully restored craftsman bungalow has so much potential. This triplex offers a great opportunity to live in one unit and rent out the other two or just add to your rental portfolio.

Unit 1 has 2 bedrooms, 1 bathroom with tub/shower combo, a full kitchen and living room. Unit 2 is a studio apartment with a bedroom/living room combo, large closet, bathroom with walk-in shower, full kitchen, and stackable washer/dryer. Unit 3 has 1 bedroom, 1 bathroom with tub/shower combo, full kitchen, and living room. Units 1 and 3 share a washer/dryer located on covered porch just outside of the kitchen of unit 1 with additional access from the porch. Each unit has a private outdoor sitting area to unwind, read, or chat about the day. Plenty of parking for guests with gravel parking in the front, and 3-4 spaces in rear.

All units have been recently renovated to include beautifully restored hardwood floors 2018, new commercial grade luxury vinyl plank floors in unit 2 (2018), all new windows 2019, new kitchens featuring granite countertops, white shaker cabinets, microwaves, range/glass cooktop, and refrigerators 2018, updated bathrooms with new vanities and beautiful new shower and floor tile. Each unit is on a separate electric meter and property has a joint water meter. Substantial plumbing update (new from the interior fixtures to under the house and new from the house to the main line in the street). The main sewer service was replaced in 2019. 3 new hot water heaters. Electrical update to include all junction boxes and outlets. New insulation, freshly painted inside and out 2018. Roof was replaced in 2015.

The San Marco area is the perfect mix of historic charm and architecture as well as upscale new residential and commercial development in close proximity of professional and medical offices, high end shopping, unique restaurants. A new mixed-use development including a Publix should be completed by summer 2022 in the San Marco Square. This rental property is in constant high demand due to the surrounding medical and professional businesses such as MD Anderson, Baptist Medical Center, Nemours Children's Hospital as well as major employers such as Prudential, Florida Blue, Fidelity, Acosta, Winn-Dixie, and CSX as well as luxury real estate in the surrounding San Marco area. The San Marco area is also only a short 20-minute drive from the University of North Florida and even closer to the many campuses of Florida State College at Jacksonville. Guests and owners can enjoy museums, parks, festivals, football games, baseball games, concerts, and theater productions in the nearby Riverfront and Downtown areas.

Buyer's responsibility to perform any and all due diligence during the inspection period. No sign on property so as not to interrupt current guest occupancies. Please Do Not Disturb Guests. Advanced notice required for showings to accommodate current guests' occupancies.