Jacksonville Beach, FL 32250 · 4 Beds, 2 Baths, 1,222 SqFt
**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: BEACH LIVING! Continuous high demand from current and future tenants. Whether you're an experienced investor looking to diversify your portfolio, or a newcomer seeking a dependable income stream, this property is investor-friendly and has been well-maintained, minimizing the need for immediate capital investments. Don't miss out on this rare opportunity. Act now to secure this duplex, unlock its full income potential by adjusting rents to market rates, and watch your investment grow.
Adjust the sliders below to calculate your estimated net profit, closing costs, and hard money financing for 803 2ND Avenue S 803/807, Jacksonville Beach, FL 32250:
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Recent verified closed cash transactions in the immediate market area:
Why a Top-Tier Attorney-Backed Title Company is Essential:
In Florida real estate and investor transactions, a thorough title search protects buyers against unrecorded municipal code liens, mechanics' liens, tax certificates, and probate heir disputes. Working with an attorney-backed title team ensures your earnest money deposit is 100% secure, wire-fraud protected, and title clearance is guaranteed.
For expert closing and escrow services, we recommend our preferred local title partners:
