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$1,495,000
Est. payment /mo
12 Baths
7,632 SqFt
UPDATED:
12/02/2024 09:34 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 7,632 sqft
Price per Sqft $195
MLS Listing ID 2045161
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1929
Annual Tax Amount $19,436
Lot Size 0.390 Acres
Acres 0.39
Property Description
Rare opportunity to secure 12 Units in Riverside/Avondale submarket. Investment opportunity consists of (2) 6-unit properties- 1257 & 1267 McDuff. Each property contains 6 units- a quadruplex with a detached duplex. All units are 1/1. 100% occupied. HUGE UPSIDE ON RENTS- Current Gross Rent is $3,500-$4000/month below market. INCREASE INCOME IMMEDIATELY WITHOUT CAPEX REQUIREMENTS. Large, off-street parking lot providing distinct parking spaces, Bonus carports and storage units. Over $200K in extensive CAPEX improvements since 2021 including kitchen/bath, flooring, plumbing, electrical. New fencing, landscaping and outdoor grilling pit. Re-roof in 2019. Riverside/Avondale is known for high tenant quality and is one of the most googled zip codes for apartment seekers in Jacksonville. ***PLEASE NOTE - THE PRICING ON THIS LISTING IS FOR BOTH PROPERTIES ***
Location
State FL
County Duval
Area 032-Avondale
Direction From Roosevelt Blvd. head South on McDuff. Property on the left.
Exterior
Private Pool No
Building
Lot Description Historic Area
Others
Tax ID 0781310000
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Listed by WARREN & COMPANY
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