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803 2ND Avenue S , 803/807

Jacksonville Beach, FL 32250
  • $456,000
  • STATUS: Closed
  • ON SITE: 119 Days
  • MLS #: 1255708
Sold - 02/20/2024
$456,000
SOLD - 02/20/2024
  • 4
    BEDS
  • 0.11
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,222
    SQFT
  • $373
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Information

Elementary School:
Middle School:
High School:

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.

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© 2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Century 21 St Augustine Properties are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2024-03-02T00:43:03.43.

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803 2ND Avenue S , 803/807 Jacksonville Beach, FL 32250

  • Price: $450,000
  • Status: Closed
  • On Site: 119 Days
  • Updated: 121 min ago
  • MLS #: 1255708
4
Beds
2
Baths
0
½ Baths
0.11
Acres
1,222
SQFT
$373
$/SQFT
1957
Built
Neighborhood:
Pablo Beach South
County:
Duval
Area:
214-JACKSONVILLE BEACH-SW
Elementary School:
San Pablo
Middle School:
Duncan Fletcher
High School:
Duncan Fletcher
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.
Exterior Features

Construction Materials Concrete Lot Features Corner Lot Parking Features On Street Pool Features None Road Surface Type Asphalt Roof Shingle Waterfront YN No

Interior Features

Appliances DryerElectric OvenElectric RangeElectric Water HeaterMicrowaveRefrigeratorWasher Cooling Central AirElectric Cooling YN Yes Flooring CarpetTile Heating CentralElectricHeat Pump Heating YN Yes Laundry Features Electric Dryer HookupWasher Hookup

Property Features

Additional Remarks Type-Multi Units: YOccupancy Rate: 100Lot Location-Suburban: YPossible Financing-Sellr May Pay Closing: YPossible Financing-1031 Exchange: YNumber of Buildings: 1 BuildingPresent Rental Terms: YearTwo Bedroom Rentals: Over $1500/MonthEnergy Features-Ceiling Fan(s): Y Additional Remarks2 Restrictions-Smoking Prohibited: YRestrictions-Pet Fee (No Refund): YAnnual Rent: 30900.00# 2 Bedroom Units: 2Split Bedroom: YPresent Tenant Exp: All ElectricSecurity DepositKey DepositSewerWater Additional Remarks3 Type: Multi UnitsOccupant Type: OccupiedSee ShowingAssistSpecial Instructions Attached Garage YN No Cdd Fee YN No Current Use Residential Gross Scheduled Income 32400 Listing Terms CashConventionalLease OptionLease Purchase New Construction YN No Possession Other Property Sub Type Duplex Security Features Smoke Detector(s) Sewer Public Sewer Utilities Electricity ConnectedSewer Connected Water Source Public

Listing courtesy of PACIFICO PROPERTIES: 904-998-4527.


© 2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Century 21 St Augustine Properties are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2024-03-02T00:43:03.43.

Digital Millennium Copyright Act
 
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Century 21 St Augustine Properties
2820 US 1 South
St Augustine FL, 32086