$220,000
$255,000
13.7%For more information regarding the value of a property, please contact us for a free consultation.
2,704 SqFt
SOLD DATE : 06/12/2024
Key Details
Sold Price $220,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,704 sqft
Price per Sqft $81
Subdivision Jordans Addn To Jax
MLS Listing ID 2002309
Sold Date 06/12/24
HOA Y/N No
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1959
Annual Tax Amount $4,788
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Seller is in the process of having a new roof installed.
2 occupied units rented at $900 a month.
This is a quadraplex building with 4 apartments. Each apartment has 2 bedrooms and 1 bathroom. 2 apartments upstairs and 2 apartments downstairs. 3 of the 4 apartments are rented which makes one apartment available for an owner-occupant or place another tenant in to be fully occupied.
Updates in the last 3 years: New drain lines, brand new central heat and air systems in each apartment, brand new water heaters in each apartment, some new windows, all new electrical wiring and panel with arc fault breakers in each unit, new tubs and new toilets in each unit also. There is a driveway leading to the back of the building for extra parking and a very large backyard for any future add-on's or possibly a laundry room. Building only has 1 water & sewer meter so the new owner would have to pay the water & sewer bill which is already included in tenant's current rent. Each apartment has it's own electric meter so tenant pays their own electric bill. lease expiration dates are as follows:
Unit 1017- Vacant
Unit 1019 - Lease expires on April 30, 2024
Unit 1021 -Lease expires on February 29, 2024 (Tenant would like to renew)
Unit 1023 - Lease expires on July 31, 2024 (possibly will renew but unsure)
FULL DISCLOSURE: When the seller purchased the building there was 2 inches of settling on the back of the building. The inspector that came out said it wasn't anything urgent so the seller opted to wait. The tenants don't ever complain about it but because I do have these reports I need to disclose this information.
One quote is for stabilizing the back wall. The second quote is for support on the center beam and stabilizing the back wall. Please see documents section for the quotes.
Building professionally managed by listing agent. Listing agent was also over the buying and renovating of building in 2021.
Location
State FL
County Duval
Community Jordans Addn To Jax
Area 075-Trout River/College Park/Ribault Manor
Direction I295 North to I10 to Kings Road, turn left on Kings Road, right on Clevland St., right onW 3rd St., left on W 6th St. Building is on your immediate right.
Interior
Heating Central
Cooling Central Air
Exterior
Garage Additional Parking, Shared Driveway
Pool None
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Waterfront No
Parking Type Additional Parking, Shared Driveway
Garage No
Private Pool No
Building
Lot Description Corner Lot
New Construction No
Others
Senior Community No
Tax ID 0547660000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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