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.