$456,000
$450,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,222 SqFt
SOLD DATE : 02/20/2024
Key Details
Sold Price $456,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,222 sqft
Price per Sqft $373
Subdivision Pablo Beach South
MLS Listing ID 1255708
Sold Date 02/20/24
Bedrooms 4
Full Baths 2
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1957
Annual Tax Amount $4,783
Lot Size 4,791 Sqft
Acres 0.11
Property Description
**MULTIPLE OFFERS - HIGHEST AND BEST DUE THURSDAY (1/11/2024) at 5:00 PM** Welcome to a rare investment gem located in fast-growing and desirable Jacksonville Beach, Florida. 1031 EXCHANGE WELCOME with QI already in place. TENANTS RESPONSIBLE FOR LAWN CARE! This spacious and well-maintained duplex presents an exceptional opportunity to maximize your returns with a projected 4% OVERALL PROFORMA CAPITALIZATION RATE calculated at market rent and current asking price! OTHER INCOME AVAILABLE (W/Ds)! Currently cash flowing a total monthly gross rental income of $2,575 ($30,900 annum), thanks to two reliable tenants under one-year attorney-drawn lease agreements. WASHERs/DRYERs convey BOTH UNITS! Rents currently below market value due to the owner's philanthropic approach, providing significant room to increase rents and enhance your cash flow. LOCATION: BEACH LIVING! Continuous high demand from current and future tenants.
Whether you're an experienced investor looking to diversify your portfolio, or a newcomer seeking a dependable income stream, this property is investor-friendly and has been well-maintained, minimizing the need for immediate capital investments.
Don't miss out on this rare opportunity. Act now to secure this duplex, unlock its full income potential by adjusting rents to market rates, and watch your investment grow.
Location
State FL
County Duval
Community Pablo Beach South
Area 214-Jacksonville Beach-Sw
Direction From Beach Blvd Go South On 9th St, Left On 2nd Ave South.
Interior
Heating Central, Electric, Heat Pump
Cooling Central Air, Electric
Flooring Carpet, Tile
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Garage On Street
Pool None
Utilities Available Electricity Connected, Sewer Connected
Waterfront No
Roof Type Shingle
Parking Type On Street
Garage No
Private Pool No
Building
Lot Description Corner Lot
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Structure Type Concrete
New Construction No
Schools
Elementary Schools San Pablo
Middle Schools Duncan Fletcher
High Schools Duncan Fletcher
Others
Tax ID 1756470000
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional, Lease Option, Lease Purchase
Listing Terms Cash, Conventional, Lease Option, Lease Purchase
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Bought with KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "