136 PHELPS Street, Jacksonville, FL 32206

$775,000
Property Type: Residential Income Bedrooms: 8 Baths: 4 Square Footage: 3,464 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $775,000 List Date: 1/27/2025 Last Modified: 6/09/2025

Description

Amazing opportunity to get in early on the downtown investment boom. This amazing 4 unit property is currently being used as 4 separate residential rental units, but is zoned CRO which gives it an abundance of options. Every major component of this property was updated between 2021-2022 including a new metal roof, all new hvac units, new electric, new plumbing, new windows, a full cosmetic renovation including new kitchens and bathrooms. This property features a huge back deck overlooking the downtown skyline that was engineered to commercial building standards and constructed in 2021 and off street parking behind the building. With hundreds of millions of dollars being invested within the surrounding half mile radius of the property in then next few years and favorable zoning, this property could make a fantastic law office, residential rental building, professional office, live/work space or any other number of possibilities.

More Information MLS# 2066895

Contract Information

Current Price: $775,000 List Price: $775,000 Status: Active Listing Contract Date: 2025-01-27 Property Sub Type: Quadruplex

Location Tax and Legal

Street Number: 136 Street Name: PHELPS Street Suffix: Street County: Duval State: FL Postal Code: 32206 Subdivision Name: Springfield MLS Area Major: 072-Springfield

General Property Information

Number Of Units Total: 4 Bedrooms Total: 8 Bathrooms Total: 4 Bathrooms Full: 4 Living Area: 3464 Accessibility Features YN: No New Construction YN: No Year Built: 1938 Garage YN: No Carport YN: No Lot Size Acres: 0.17 CDD Fee YN: No Pool Private YN: No Water Body Access YN: No Waterfront YN: No Directions: From I-95, take Main Street Bridge north, take a right on Phelps St. Property is on right. Property boarders the Springfield and Downtown neighborhoods Public Remarks: Amazing opportunity to get in early on the downtown investment boom. This amazing 4 unit property is currently being used as 4 separate residential rental units, but is zoned CRO which gives it an abundance of options. Every major component of this property was updated between 2021-2022 including a new metal roof, all new hvac units, new electric, new plumbing, new windows, a full cosmetic renovation including new kitchens and bathrooms. This property features a huge back deck overlooking the downtown skyline that was engineered to commercial building standards and constructed in 2021 and off street parking behind the building. With hundreds of millions of dollars being invested within the surrounding half mile radius of the property in then next few years and favorable zoning, this property could make a fantastic law office, residential rental building, professional office, live/work space or any other number of possibilities. List Price/SqFt: 223.73

Status Change Information

Major Change Timestamp: 2025-01-27T16:43:41Z Major Change Type: New Listing

Currently Not Used

Property Attached YN: Yes yn11: No

Unit 1 Details

Unit ID: 1 Actual Rent: 2000 Unit SqFt: 900 Beds Total: 2 Full Baths Total: 1 Furnished: Furnished Unit Remarks: currently occupied on mid term MTM agreement

Unit 2 Details

Unit ID: 2 Actual Rent: 2000 Unit SqFt: 900 Beds Total: 2 Full Baths Total: 1 Furnished: Furnished Unit Remarks: Currently operating on mid term MTM agreement

Unit 3 Details

Unit ID: 3 Actual Rent: 1475 Unit SqFt: 900 Beds Total: 2 Full Baths Total: 1 Furnished: Furnished Unit Remarks: Annual Lease

Unit 4 Details

Unit ID: 4 Actual Rent: 1495 Unit SqFt: 900 Beds Total: 2 Full Baths Total: 1 Furnished: Furnished Unit Remarks: Annual Lease

Property Features

Cooling: Central Air Current Use: Residential Heating: Central Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan Lot Features: Historic Area Parking Features: Additional Parking Possession: Close Of Escrow; Negotiable; Subject To Tenant Rights Utilities: Electricity Connected; Sewer Connected; Water Connected
Listing Office: LIGHTHOUSE PROPERTY MANAGEMENT & REALTY LLC
Last Updated: June - 09 - 2025
Information deemed reliable but not guaranteed.