$910,000
$975,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
3,624 SqFt
SOLD DATE : 05/31/2024
Key Details
Sold Price $910,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,624 sqft
Price per Sqft $251
Subdivision Lake Forest
MLS Listing ID 2018755
Sold Date 05/31/24
Bedrooms 7
Full Baths 5
HOA Y/N No
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1956
Annual Tax Amount $13,332
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Prime Investment Opportunity on Oak Street!
Welcome savvy investors to 2819 Oak Street! Your next lucrative venture awaits in the heart of Riverside. This property presents an outstanding chance to capitalize on the booming real estate market of Jacksonville while reaping the rewards of owning a strategic piece of property in a high-demand location.
Boasting a full apartment upstairs and 3 units downstairs. Upstairs unit has 4 bedrooms and 3 bathrooms. Unit 3 has 1 bedroom and 1 bathroom, Unit 2 has 1 bedroom and 1 bathroom, Unit 1 is a studio apartment. Key Investment Features:
Income Potential: With its prime location in one of Jacksonville's most sought-after neighborhoods, this property offers significant income potential through rental income or renovation for resale.
Appreciation: Benefit from the steady appreciation of properties in Riverside, a thriving area known for its historic charm, trendy atmosphere, and strong community appeal.
Versatility: Whether you're looking to add to your rental portfolio, flip for a profit, or renovate and hold for long-term growth, this property offers endless possibilities to maximize returns.
Fully turnkey and renovated: Extensive renovations have been done to the units over the past 2 years. Units are in exemplary condition and meticulously maintained.
Strong Rental Market: Tap into the robust rental market in Riverside and neighboring areas, attracting tenants seeking proximity to urban amenities, employment centers, and recreational opportunities.
Location Advantages:
Rapidly Growing Area: Positioned in one of Jacksonville's fastest-growing neighborhoods, experiencing revitalization and influx of investment, ensuring long-term growth potential.
Urban Amenities: Enjoy close proximity to eclectic dining options, trendy boutiques, entertainment venues, parks, and cultural attractions, catering to the lifestyle preferences of tenants and buyers alike.
Convenient Access: Benefit from easy access to major transportation arteries, downtown Jacksonville, major employment hubs, and top-rated schools, enhancing the property's appeal to tenants and prospective buyers.
Seize this exceptional investment opportunity and capitalize on the burgeoning real estate market of Jacksonville with 2819 Oak Street. Act fast to secure your foothold in this dynamic market - schedule a viewing today and unlock the potential of this prime property!
Location
State FL
County Duval
Community Lake Forest
Area 032-Avondale
Direction I-95 towards downtown Jacksonville, Exit on Park St. then left on Park St. to left on Stockton St. to right on Oak St. home on right
Interior
Heating Varies by Unit
Cooling Wall/Window Unit(s)
Flooring Vinyl
Furnishings Negotiable
Exterior
Garage Off Street, On Street
Fence Back Yard, Wood
Pool In Ground
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Parking Type Off Street, On Street
Garage No
Private Pool No
Building
Lot Description Other
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
New Construction No
Others
Senior Community No
Tax ID 0783680000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "