803 2ND Avenue S 803/807, Jacksonville Beach, FL 32250 (MLS# 2002297)

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

$456,000

Property Type: Residential 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: 3/01/2025

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.

Listing Details MLS# 2002297

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1222
Living Area Source: Public Records
Year Built: 1957
Lot Size Acres: 0.11
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
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 Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Electricity Connected; Sewer Connected Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Concrete Pool Features: None Roof: Shingle Parking Features: On Street; Other Lot Features: Corner Lot Current Use: Residential Road Surface Type: Asphalt Possession: Other Listing Terms: Cash; Conventional; Lease Option; Lease Purchase Contingency Reason: Inspection

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2023-11-02

Location Tax and Legal

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

Status Change Information

Major Change Timestamp: 2024-02-20T23:51:46Z
Major Change Type: Status Change
Purchase Contract Date: 2024-01-12
Close Date: 2024-02-20
Close Price: 456000

DPR Eligible

DPR Eligible: No

More Information

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
Country: US
Parcel Number: 1756470000
Tax Legal Description: 3-28 33-2S-29E PABLO BEACH SOUTH S1/2 LOT 8 BLK 19
Elementary School: San Pablo
Middle School: Duncan Fletcher
High School: Duncan Fletcher

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

Documents

Inventory ›

Deed ›

Listing Office: PACIFICO PROPERTIES

Last Updated: March - 01 - 2025

Information deemed reliable but not guaranteed.

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