1725 PROSPECT Street, Jacksonville, FL 32208

New Listing
$299,900
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,319 Lot Size (sq. ft.): 10,019 Status: Active
Current Price: $299,900 List Date: 5/15/2025 Last Modified: 5/15/2025

Description

Stunningly renovated and income-producing, 1725 Prospect Lane offers exceptional value just steps from the river and minutes from downtown Jacksonville. Set on a generous 10,000 SF lot in a quiet, high-demand neighborhood, this versatile property features a 2BR/1BA main home—previously rented for $1,550/month and now vacant for easy showings—plus a non-conforming 1BR/1BA attached ADU leased to a long-term tenant at $975/month. With previous gross rental income of $30,300/year and a 9.9% takeover cap rate, it's an ideal opportunity for house hackers, investors, or multigenerational buyers. Recent upgrades include a new roof, well pump, water softener, AC units in both residences, a full boundary fence, and fresh interior and exterior paint—all completed within the last two years, delivering peace of mind and strong cash flow from day one. Incentives available with preferred lender.

More Information MLS# 2087611

Contract Information

Current Price: $299,900 Property Sub Type: Single Family Residence Property Attached YN: No Status: Active List Price: $299,900 Listing Contract Date: 2025-05-14

Location Tax and Legal

Street Number: 1725 Street Name: PROSPECT Street Suffix: Street County: Duval State: FL Postal Code: 32208 MLS Area Major: 075-Trout River/College Park/Ribault Manor Subdivision Name: Trout River

General Property Information

Bedrooms Total: 3 Bathrooms Full: 2 Bathrooms Total: 2 Living Area: 1284 Living Area Source: Measured Building Area Total: 1319 Year Built: 1949 Accessory Dwelling Unit Y/N: Yes Homestead YN: No Lot Size Acres: 0.23 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 Stories: 1 Senior Community YN: No Directions: From Lem Turner Road (FL-115 N) and continue for about 2 miles. Turn right onto Prospect Street (just past the Trout River). Continue onto Prospect Lane—the home will be on your right at 1725 Prospect Lane. Public Remarks: Stunningly renovated and income-producing, 1725 Prospect Lane offers exceptional value just steps from the river and minutes from downtown Jacksonville. Set on a generous 10,000 SF lot in a quiet, high-demand neighborhood, this versatile property features a 2BR/1BA main home—previously rented for $1,550/month and now vacant for easy showings—plus a non-conforming 1BR/1BA attached ADU leased to a long-term tenant at $975/month. With previous gross rental income of $30,300/year and a 9.9% takeover cap rate, it's an ideal opportunity for house hackers, investors, or multigenerational buyers. Recent upgrades include a new roof, well pump, water softener, AC units in both residences, a full boundary fence, and fresh interior and exterior paint—all completed within the last two years, delivering peace of mind and strong cash flow from day one. Incentives available with preferred lender. List Price/SqFt: 233.57

Status Change Information

Major Change Timestamp: 2025-05-15T00:11:53Z Major Change Type: New Listing

Accessory Dwelling Information

ADU Attached Y/N: Yes

DPR Eligible

DPR Eligible: Yes

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Oven; Electric Range; Electric Water Heater; Freezer; Ice Maker; Microwave; Refrigerator; Washer Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Private; Well Sewer: Private Sewer; Septic Tank Parking Features: Off Street Current Use: Investment; Residential Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan
Listing Office: COLDWELL BANKER ANABASIS REALTY
Last Updated: May - 15 - 2025
Information deemed reliable but not guaranteed.