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1550 MORGAN Street, Jacksonville, FL 32209
$377,500













Property Type:
Residential Income
Bedrooms:
8
Baths:
4
Square Footage:
2,776
Lot Size (sq. ft.):
6,098
Status:
Closed
Current Price:
$377,500
List Date:
3/17/2025
Last Modified:
5/09/2025
Description
Work is still in progress. Discover this beautifully renovated quadplex - a prime investment opportunity! Each of the four units features 2 spacious bedrooms and 1 modern bathroom, offering comfortable and stylish living. This property has undergone a complete transformation with all-new upgrades for worry-free ownership and strong rental potential. Property Highlights:. Fully Renovated - Brand new floors, fixtures, plumbing, and electrical throughout. New Roof - Peace of mind with a fresh, durable roof. New Windows - Energy-efficient windows for improved comfort and savings. New Appliances - Modern appliances to be installed in every unit. New A/C Units - Providing year-round comfort for tenants No major updates needed - just collect the rent! Expected rents between $1,000 - $1,100 per unit/month. Potential annual rental income of $52,800 - a solid return on investment! This is a fantastic opportunity to own a low-maintenance, high-yield property.
More Information MLS# 2076209
Contract Information
Current Price: $377,500
Sold Price: $377,500
Status: Closed
Listing Contract Date: 2025-03-17
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 1550
Street Name: MORGAN
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32209
Subdivision Name: Smiths Allotment
MLS Area Major: 074-Paxon
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 2776
Living Area Source: Public Records
New Construction YN: No
Year Built: 1971
Garage YN: No
Carport YN: No
Lot Size Acres: 0.14
Association YN: No
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories Total: 2
Stories: 2
Directions: From Edgewood Ave S, turn right onto W Beaver St. Turn left onto Acorn St. Right on Morgan
Public Remarks: Work is still in progress. Discover this beautifully renovated quadplex - a prime investment opportunity! Each of the four units features 2 spacious bedrooms and 1 modern bathroom, offering comfortable and stylish living. This property has undergone a complete transformation with all-new upgrades for worry-free ownership and strong rental potential. Property Highlights:. Fully Renovated - Brand new floors, fixtures, plumbing, and electrical throughout. New Roof - Peace of mind with a fresh, durable roof. New Windows - Energy-efficient windows for improved comfort and savings. New Appliances - Modern appliances to be installed in every unit. New A/C Units - Providing year-round comfort for tenants No major updates needed - just collect the rent! Expected rents between $1,000 - $1,100 per unit/month. Potential annual rental income of $52,800 - a solid return on investment! This is a fantastic opportunity to own a low-maintenance, high-yield property.
List Price/SqFt: 131.48
Sold Price/SqFt: 135.99
Status Change Information
Major Change Timestamp: 2025-05-09T14:32:58Z
Major Change Type: Status Change
Purchase Contract Date: 2025-03-25
Close Date: 2025-05-08
Close Price: 377500
Unit 1 Details
Unit ID: 1
Unit SqFt: 694
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Vacant
Unit 2 Details
Unit ID: 2
Unit SqFt: 694
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Vacant
Unit 3 Details
Unit ID: 3
Unit SqFt: 694
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Vacant
Unit 4 Details
Unit ID: 4
Unit SqFt: 694
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Vacant
Property Features
Construction Materials: Concrete
Cooling: None
Current Use: Residential
Flooring: Vinyl
Heating: None
Levels: Two
Listing Terms: Cash; Conventional; FHA; VA Loan
Lot Features: Cleared
Parking Features: Parking Lot
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Sewer: Public Sewer
Utilities: Sewer Connected; Water Connected
Water Source: Public
Contingency Reason: Inspection
Documents
Listing Office: KELLER WILLIAMS FIRST COAST REALTY
Last Updated: May - 09 - 2025
Information deemed reliable but not guaranteed.