Jacksonville Beach, FL 32250,803 2ND AVE S #803/807
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Jacksonville Beach, FL 32250,803 2ND AVE S #803/807
Jacksonville Beach, FL 32250,803 2ND AVE S #803/807
Jacksonville Beach, FL 32250,803 2ND AVE S #803/807
Jacksonville Beach, FL 32250,803 2ND AVE S #803/807

$456,000

Est. payment /mo

$450,000

1.3%
Est.Price: ?

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803 2ND AVE S #803/807 Jacksonville Beach, FL 32250

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

Parking Features On Street

Pool None

Utilities Available Electricity Connected, Sewer Connected

Roof Type Shingle

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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Listed by PACIFICO PROPERTIES
Bought with KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE
agent

Jax Luxe Group

Advisor | License ID: SL3556926

+1(904) 437-9186

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