Jacksonville FL Multi Family for Sale
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- 5
- Year built:
- 1979
- Baths:
- 4.00
- MLS#:
- 2043853
- Subdivision:
- San Jose Village
ADDITIONAL INFORMATION
Investor's Dream! This fully renovated quadruplex in Jacksonville offers a nearly 6% cap rate with long-term rentals, making it a solid income generator. Located in the ideal spot for tenants, it provides quick access to the Mayo Clinic, Baptist South, Memorial Hospitals, and St. Johns Town Center. Whether you're catering to medical professionals or retail employees, the demand is high. The side-by-side units, with no upstairs neighbors, enhance desirability, ensuring low vacancy rates. Short-term rentals? The cap rate potential skyrockets! With $90K in renovations and upgrades completed in 2021, this 4-plex is a cash-flowing gold mine waiting for the right investor to capitalize on its potential. Don't miss out on this opportunity! Unit 1 is a 2 bed/1 bath currently rented at $1,278 and the rest are 1 bed/1 baths rented at $1,125 with plenty of potential for raising these rates. (Buyer to do their own due diligence on if short term rentals are allowed) Newer A/Cs in all units!! All leases are over in March of 2025 however the seller is open to seeing if any of the tenants would be open to breaking their lease early if a unit needs to be owner-occupied. *Photos are deemed reliable but are from before tenants moved in
- Type:
- Triplex
- Sq.Ft.:
- 4,095
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.26 Acres
- Year built:
- 1946
- Baths:
- 5.00
- MLS#:
- 2036900
- Subdivision:
- San Jose
ADDITIONAL INFORMATION
Please see Architect drawing and approximate measurements for this rare brick tri-plex situated in the heart of the San Jose area and just 1.9 miles from The Bolles School. This amazing income producing property has been meticulously renovated and is fully leased. It features new roofs, updated electrical, new flooring, new quartz counter-tops in each kitchen, updated bathrooms including subway tiles, 2 new HVAC units, new water heaters, new septic system (2024) and freshly painted inside and out. This 3-unit property boasts a total of 5 bedrooms and 5 baths, with 2 units offering 2 bedrooms and 2 bathrooms each while the bungalow unit is 1 bedroom and 1 bathroom. The garage has been repurposed into 3- separate storage units, one for each tenant. A new (2023) well pump and tank system of aprox. 400 gallons is in place with a pressurized system to ensure all tenants have great water pressure. Don't miss the opportunity for a turn key income producing property.
Jacksonville Real Estate
The median home value in Jacksonville, FL is $280,200. This is lower than the county median home value of $302,800. The national median home value is $338,100. The average price of homes sold in Jacksonville, FL is $280,200. Approximately 51.05% of Jacksonville homes are owned, compared to 39.2% rented, while 9.75% are vacant. Jacksonville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Jacksonville real estate agent to arrange a tour today!
Jacksonville, Florida 32217 has a population of 937,690. Jacksonville 32217 is more family-centric than the surrounding county with 27.81% of the households containing married families with children. The county average for households married with children is 26.73%.
The median household income in Jacksonville, Florida 32217 is $58,263. The median household income for the surrounding county is $59,541 compared to the national median of $69,021. The median age of people living in Jacksonville 32217 is 36.2 years.
Jacksonville Weather
The average high temperature in July is 91.1 degrees, with an average low temperature in January of 43.8 degrees. The average rainfall is approximately 50.2 inches per year, with 0.1 inches of snow per year.