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803 2ND Avenue S 803/807, Jacksonville Beach, FL 32250

$456,000
Property Type: Residential Income Bedrooms: 4 Baths: 2 Square Footage: 1,222 Lot Size (sq. ft.): 4,792 Status: Closed
Current Price: $456,000 List Date: 1/12/2024 Last Modified: 2/28/2025

Overview

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.

Supplements: 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 thi ...

Listing Details MLS# 1255708

General Property Information

Number Of Units Total
2
Bedrooms Total
4
Bathrooms Total
2
Bathrooms Full
2
Living Area
1222
Living Area Source
Public Records
New Construction YN
No
Year Built
1957
Garage YN
No
Carport YN
No
Lot Size Acres
0.11
CDD Fee YN
No
Pool Private YN
No
Water Body Access YN
No
Waterfront YN
No
Stories Total
Yes
Stories
Yes
Directions
From Beach Blvd Go South On 9th St, Left On 2nd Ave South.
Public Remarks
**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.
List Price/SqFt
368.25
Sold Price/SqFt
373.16
Bathrooms Half
0

Property Features

Appliances: Dryer; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Construction Materials: Concrete Cooling: Central Air; Electric Current Use: Residential Flooring: Carpet; Tile Heating: Central; Electric; Heat Pump Laundry Features: Electric Dryer Hookup; Washer Hookup Listing Terms: Cash; Conventional; Lease Option; Lease Purchase Lot Features: Corner Lot Parking Features: On Street; Other Pool Features: None Possession: Other Road Surface Type: Asphalt Roof: Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Utilities: Electricity Connected; Sewer Connected Water Source: Public Contingency Reason: Inspection

Contract Information

Listing Contract Date
2023-11-02
Property Sub Type
Duplex

Location Tax and Legal

Street Number
803
Street Name
2ND
Street Suffix
Avenue
Street Direction Suffix
S
County
Duval
State
FL
Postal Code
32250
Subdivision Name
Pablo Beach South
MLS Area Major
214-Jacksonville Beach-SW

Status Change Information

Major Change Timestamp
2024-02-26T15:21:37Z
Major Change Type
Status Change
Price Change Timestamp
2024-01-04T15:57:17Z
Purchase Contract Date
2024-01-12
Close Date
2024-02-20
Close Price
456000

Income and Expenses

Gross Income
30900
Gross Scheduled Income
32400

More Information

Unit 1 Details

Unit ID
803
Actual Rent
1225
Unit SqFt
624
Baths Total (Legacy)
Yes
Furnished
Unfurnished
Unit Remarks
NA

Unit 2 Details

Unit ID
807
Actual Rent
1350
Unit SqFt
624
Baths Total (Legacy)
Yes
Furnished
Unfurnished
Unit Remarks
NA

Historical Information

Public Historical Remarks 1
Type-Multi Units: Y, Occupancy Rate: 100, Lot Location-Suburban: Y, Possible Financing-Sellr May Pay Closing: Y, Possible Financing-1031 Exchange: Y, Number of Buildings: 1 Building, Present Rental Terms: Year, Two Bedroom Rentals: Over $1500/Month, Energy Features-Ceiling Fan(s): Y
Public Historical Remarks 2
Restrictions-Smoking Prohibited: Y, Restrictions-Pet Fee (No Refund): Y, Annual Rent: 30900.00, # 2 Bedroom Units: 2, Split Bedroom: Y, Present Tenant Exp: All Electric,Security Deposit,Key Deposit,Sewer,Water
Public Historical Remarks 3
Type: Multi Units, Occupant Type: Occupied, See ShowingAssist, Special Instructions

Location, Tax, and Legal

Unit Number
803/807
Parcel Number
1756470000
Tax Annual Amount
4783.51
Tax Year
2023
Elementary School
San Pablo
Middle School
Duncan Fletcher
High School
Duncan Fletcher
Tax Legal Description
Legal: 3-28 33-2S-29E PABLO BEACH SOUTH S1/2 LOT 8 BLK 19

Appliances

Dryer
Yes
Electric Oven
Yes
Electric Range
Yes
Electric Water Heater
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Construction Materials

Concrete
Yes

Cooling

Central Air
Yes
Electric
Yes

Current Use

Residential
Yes

Flooring

Carpet
Yes
Tile
Yes

Heating

Central
Yes
Electric
Yes
Heat Pump
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Lease Option
Yes
Lease Purchase
Yes

Lot Features

Corner Lot
Yes

Parking Features

On Street
Yes
Other
Yes

Pool Features

None
Yes

Possession

Other
Yes

Road Surface Type

Asphalt
Yes

Roof

Shingle
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

Utilities

Electricity Connected
Yes
Sewer Connected
Yes

Water Source

Public
Yes

Contingency Reason

Inspection
Yes
Listing Office: PACIFICO PROPERTIES
Source MLS Verified
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.

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