115 2ND ST, Jacksonville, FL 32206
115 2ND ST, Jacksonville, FL 32206
115 2ND ST, Jacksonville, FL 32206
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Orgest Lushnja

Orgest Lushnja

+1(904) 337-1392
$1,750,000
Est. payment /mo
6 Beds
11 Baths
6,560 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,560 sqft

Price per Sqft $266

Subdivision Springfield

MLS Listing ID 2128600

Bedrooms 6

Full Baths 6

Half Baths 5

Year Built 1906

Annual Tax Amount $14,967

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Multi Family

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

A rare chance to acquire an irreplaceable 5-unit executive housing asset in the heart of Historic Springfield. Stabilized or repositioned, the numbers work either way. The building delivers four oversized 1BR/1.5BA residences (~1,100 SF each) and a true 2,288 SF penthouse occupying the entire third floor with 2 bedrooms, 2.5 baths, and sweeping views of Klutho Park and the downtown Jacksonville skyline. All five units feature in-unit laundry, which is a meaningful competitive advantage in this submarket. Pro forma gross income of $192,000 annually supports a projected ~8% cap rate at the asking price, based on executive lease rates of $2,750/month for the flats and $5,000/month for the penthouse. Current rents reflect an owner-occupied and partially furnished operation; two furnished units and the penthouse offer immediate repositioning upside. Delivery terms are negotiable. The rear yard amenity package, outdoor tiki bar, hot tub, sauna, and courtyard gathering space, creates a boutique, lifestyle-forward community that executive and corporate tenants cannot find elsewhere in Jacksonville at this price point. Built in 1906. Brick construction. HVAC is approximately 2 years old.

Location

State FL

County Duval

Community Springfield

Area 072-Springfield

Direction Main St North to left on 1st, right on Laura,left on 2nd. Building will be on the right

Interior

Heating Central

Cooling Central Air

Flooring Laminate, Wood

Furnishings Partially

Laundry In Unit

Exterior

Exterior Feature Balcony, Courtyard, Fire Pit, Outdoor Kitchen

Parking Features On Street

Fence Back Yard, Privacy

Utilities Available Sewer Connected, Water Connected

View City

Roof Type Membrane,Shingle

Garage No

Private Pool No

Building

Lot Description Historic Area

Faces South

Story 3

Sewer Public Sewer

Water Public

Level or Stories 3

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 0708390000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by BELLE EPOQUE REALTY SERVICES LLC • THOMAS LOVE

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Orgest Lushnja

Orgest Lushnja

+1(904) 337-1392

Broker | License ID: BK3205758

Broker License ID: BK3205758

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