Jacksonville, FL 32209,2306 MONCRIEF RD. RD
Jacksonville, FL 32209,2306 MONCRIEF RD. RD
Jacksonville, FL 32209,2306 MONCRIEF RD. RD
Jacksonville, FL 32209,2306 MONCRIEF RD. RD
Jacksonville, FL 32209,2306 MONCRIEF RD. RD
Jacksonville, FL 32209,2306 MONCRIEF RD. RD
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$1,025,000

$1,100,000

6.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

24 Beds

12 Baths

10,800 SqFt


SOLD DATE : 08/08/2024

Key Details

Sold Price $1,025,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 10,800 sqft

Price per Sqft $94

Subdivision Moncrief Park

MLS Listing ID 2026165

Sold Date 08/08/24

Bedrooms 24

Full Baths 12

HOA Y/N No

Originating Board realMLS (Northeast Florida Multiple Listing Service)

Year Built 1914

Annual Tax Amount $6,676

Lot Size 0.840 Acres

Acres 0.84

Lot Dimensions 350x105

Property Description

A true turn-key multi-family investment. 12 x 2 Bed 1 Bath 900SF units Completely renovated, stabilized, and cash flowing in a neighborhood where values continue to grow and vacancies are short. This property consists of 6 Duplex units, all side by side on one parcel. All units have been completely renovated. New roofs, new plumbing to include all outside sewer lines and inside water lines, full rewire and panel upgrades, new 2 Ton Central AC units, flooring and subflooring, kitchens, baths, drywall and paint, front and back porches, appliances and hot water heaters, EVERYTHING!!!

All 12 units of this property are occupied and cash flowing at $10,365 per month!!! The property also has 1 vacant lot that has been approved for a quad. All units are currently under sound property management. The PM has cultivated good relationships with the tenants and has been able to maintain a high renewal rate. All duplexes are currently under a Termite Bond paid through 4/30/2025. All units are individually metered and are equipped with laundry hook ups. Tenants pay for all utilities, the owner is responsible for lawn care at $175 per month and trash service at $2,145.72 per year which is paid through 9/30/2024.

In total, the current owner has spent more than 1 Million in capital expenses to make this a truly turn-key investment for its next owner. Simply purchase and collect your cash every month. The surrounding neighborhoods have benefited greatly from the improvement of these duplexes. Home values have increased dramatically over the last 3 years. It's time to invest in something that the community appreciates and can grow in the years to come.

See documents for up to date P&L and Rent Roll. Call Doug Beck for additional questions or a private showing.

Location

State FL

County Duval

Community Moncrief Park

Area 075-Trout River/College Park/Ribault Manor

Direction From I95 head west on Martin Luther King Jr Parkway. Then south on Moncrief Rd. Units are at the corner of 13th St and Moncreif Rd.

Interior

Heating Central, Electric, Hot Water, Separate Meters

Cooling Central Air, Separate Meters

Flooring Tile, Vinyl

Furnishings Unfurnished

Fireplace No

Laundry Electric Dryer Hookup, In Unit, Washer Hookup

Exterior

Garage Off Street, Shared Driveway

Fence Chain Link

Pool None

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Separate Electric Meters, Separate Water Meters, Sewer Available, Sewer Connected, Water Available, Water Connected

Waterfront No

Roof Type Shingle

Parking Type Off Street, Shared Driveway

Garage No

Private Pool No

Building

Lot Description Corner Lot, Split Possible

Faces East

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Structure Type Frame,Stucco

New Construction No

Others

Senior Community No

Tax ID 045324-0000

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by KELLER WILLIAMS FIRST COAST REALTY
Bought with KELLER WILLIAMS FIRST COAST REALTY
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 299-7246

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3651 Park St, Jacksonville, FL,, 32205

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