$899,999 Price Analysis    ♡   Jacksonville, FL 32204 6 bed 5 bath 3,586 SqFt ($250/SqFt) 6,970SqFt lot. Built 1924 Listed 2024-06-20, Taxes $9,057 | Ⓧ USDA Ineligible due to price & location near Jacksonville |
Property Highlights: 5-unit property well located in the highly desirable Historic Riverside neighborhood of Jacksonville
* Has Contingent Offer *FL. Property consists of 4 one-bedroom units and a detached two-story two bedroom unit. All units have central HVAC and select units have in-unit washer/dryer (shared laundry on-site for remaining units). Extremely high barrier of entry to new supply in the subm arket. Units that were previously operating as furnished rentals and are currently being kept vacant (3), along with in-place leases nearing expiration (2), allowng new ownership immediate optionality in operations and tenant placement. Potential opportunity to enhance revenue through furnished and shortterm rentals, which are popular in Riverside due to local employment drivers (St Vincent's, Downtown, Brooklyn) and local points of interest.
Average Pro Forma Market Rent: $1, 550 Surrounding Area Highlights: Excellent demographics - average household income of $100, 298 and average home $513, 581 Jacksonville FL ranked #1 for 2021-2022 and 2022-2023 domestic net migration % (U.S. Census Bureau). Conveniently located 1-minute from Ascension St. Vincent's Riverside (0.4 Mi), 2-minutes from Historic Five Points Entertainment District (.3 Mi), 5-minutes from the Shoppes of Avondale (1.7 Mi) and 5-minutes from Downtown Jacksonville and Gateway JAX mixed-use development (2.1 Mi). Major Nearby Retailers Include Publix Supermarket (.2 Mi), Starbucks (.3 Mi), Walgreens (0.8 Mi) and the upcoming Whole Foods in Brooklyn (1.5 Mi)
Presented by David Dawkins at
SEVEN BRIDGES REALTY GROUP LLC.
Property MLS #2032604 from realMLS
Bedroom 1 Sqft: 699
Bedroom 2 Sqft: 699
Bedroom 3 Sqft: 699
Bedroom 4 Sqft: 699
Full Bathrooms: 5
Heating Features: Central
Heating: Yes
Lot Size Acres: 0.16
Lot Size Square Feet: 6970
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Unit-2 Description: M2M
Unit-3 Description: Vacant
Unit-4 Description: Lease ends 7/29
Unit-3 Furnished Description: Unfurnished
Unit-4 Furnished Description: Unfurnished
Unit-5 Furnished Description: Unfurnished
Unit-6 Furnished Description: Unfurnished
Unit 2 Total Actual Rent: 1110
Unit 4 Total Actual Rent: 1360
Source Listing Status: Active Under Contract
County: Duval
Current Use: Multi-Family
Directions: Property is on the northwest corner of Copeland St. and St. Johns Ave.
Tax Year: 2023
Source Property Type: Residential Income
Area: 031-Riverside
MLS Area Minor: 031-Riverside
Source Neighborhood: Riverside
Parcel Number: 0905330000
Subdivision: Riverside
Property Subtype: Multi Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $487,158 | $9,057 |
| 2021 | $292,121 + $150,750 $442,871 | $7,791 |
| 2020 | $unknown + $unknown $408,266 | $7,359 |
| 2019 | $220,401 + $150,750 $371,151 | $6,671 |
| 2018 | $302,879 + $150,750 $453,629 | $7,379 |
| 2017 | $243,710 + $150,750 $394,460 | $6,690 |
| 2016 | $194,130 + $150,750 $344,880 | $6,550 |
| 2015 | $176,886 + $150,750 $327,636 | $6,337 |
| 2014 | $unknown + $unknown $259,524 | $5,103 |
| 2013 | $unknown + $unknown $248,987 | $4,926 |
| 2012 | $unknown + $unknown $260,854 | $4,843 |
| 2011 | $unknown + $unknown $190,336 | $3,564 |
| 2010 | $unknown + $unknown $215,726 | $4,101 |
| 2009 | $unknown + $unknown $226,245 | $3,915 |
| 2008 | $unknown + $unknown $244,781 | $4,037 |
| 2007 | $unknown + $unknown $240,152 | $4,007 |
$899,999
realMLS
Listing removed 2024-01-20
$945
realMLS
Sold 2018-08-27
$522,100
Public Record
Sold 2011-05-05
$315,000
Public Record
Sold 1984-03-01
$110,000
Public Record
Year Built: 1924
Property Age: 100
Electricity Available
Electricity Connected
Sewer Available
Sewer Connected
Water Available
Water Connected
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.