$456,000
$450,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,222 SqFt
SOLD DATE : 02/20/2024
Key Details
Sold Price $456,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,222 sqft
Price per Sqft $373
Subdivision Pablo Beach South
MLS Listing ID 2002297
Bedrooms 4
Full Baths 2
Year Built 1957
Lot Size 4,791 Sqft
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
State FL
County Duval
Community Pablo Beach South
Area 214-Jacksonville Beach-Sw
Interior
Heating Central, Electric, Heat Pump
Cooling Central Air, Electric
Flooring Carpet, Tile
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Garage On Street
Pool None
Utilities Available Electricity Connected, Sewer Connected
Waterfront No
Roof Type Shingle
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction No
Schools
Elementary Schools San Pablo
Middle Schools Duncan Fletcher
High Schools Duncan Fletcher
Others
Acceptable Financing Cash, Conventional, Lease Option, Lease Purchase
Listing Terms Cash, Conventional, Lease Option, Lease Purchase
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Bought with KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE