209/211/21 12TH Avenue S, ALL 12, Jacksonville Beach, FL 32250
$2,175,000
Property Type:
Residential Income
Bedrooms:
24
Baths:
12
Square Footage:
9,960
Status:
Closed
Current Price:
$2,175,000
List Date:
2/15/2016
Last Modified:
12/29/2024
Description
This is an amazing investment is a one-of-a-kind. Currently a 12 unit rental property providing a 6% CAP rate with potential to increase that, it is also already legally divided into 12 units, making it a prime condo conversion. Located east of 3rd Street in the desirable southern portion of Jacksonville Beach, it's only a three minute walk to the beach and a 15 minute walk to downtown Jax Beach!
Three four-plexes with great views, plenty of parking and spacious porches make this a fantastic asset. Always fully occupied, the 12 units were fully renovated just a few years ago and have granite countertops, stainless steel appliances, W/D in unit and plenty of closet and porch space.
Rent now and convert to condos now or in a few years. The upside to this asset is huge!
More Information MLS# 813575
Contract Information
Current Price: $2,175,000
Sold Price: $2,175,000
Status: Closed
Listing Contract Date: 2016-01-26
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 209/211/21
Street Name: 12TH
Street Suffix: Avenue
Street Direction Suffix: S
County: Duval
State: FL
Postal Code: 32250
Subdivision Name: South Beach
MLS Area Major: 212-Jacksonville Beach-SE
General Property Information
Number Of Units Total: 12
Bedrooms Total: 24
Bathrooms Total: 12
Bathrooms Full: 12
Living Area: 9960
Living Area Source: Public Records
Year Built: 1977
Pool Private YN: No
Waterfront YN: No
Stories Total: 2
Stories: 2
Directions: On the corner of 12th Ave S and 2nd St. S
Public Remarks: This is an amazing investment is a one-of-a-kind. Currently a 12 unit rental property providing a 6% CAP rate with potential to increase that, it is also already legally divided into 12 units, making it a prime condo conversion. Located east of 3rd Street in the desirable southern portion of Jacksonville Beach, it's only a three minute walk to the beach and a 15 minute walk to downtown Jax Beach!
Three four-plexes with great views, plenty of parking and spacious porches make this a fantastic asset. Always fully occupied, the 12 units were fully renovated just a few years ago and have granite countertops, stainless steel appliances, W/D in unit and plenty of closet and porch space.
Rent now and convert to condos now or in a few years. The upside to this asset is huge!
List Price/SqFt: 261.04
Sold Price/SqFt: 218.37
Status Change Information
Major Change Timestamp: 2023-11-20T12:01:56Z
Major Change Type: Price Reduced
Price Change Timestamp: 2016-04-08T17:56:33Z
Purchase Contract Date: 2016-12-23
Close Date: 2017-01-06
Close Price: 2175000
Historical Information
Public Historical Remarks 1: Type-Multi Units: Y, Number of Buildings: 3 Buildings, Present Rental Terms: 6 + Month,Year, Two Bedroom Rentals: $1001 to $1500/Month
Public Historical Remarks 2: Annual Rent: 216000.00, Number of Units-11 - 15 Units: Y, # 2 Bedroom Units: 12, Present Tenant Exp: All Electric,Water
Public Historical Remarks 3: Type: Multi Units
Property Features
Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer
Construction Materials: Stucco
Cooling: Central Air
Heating: Central
Listing Terms: Cash; Conventional
Lot Features: Corner Lot
Owner Pays: Grounds Care; Insurance; Other Tax; Trash Collection
Parking Features: Assigned; Guest
Pool Features: None
Possession: Negotiable
Road Surface Type: Paved
Roof: Shingle
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Water Source: Public
Documents
NOI Data ›Listing Office: FIRST COAST SOTHEBYS INTERNATIONAL REALTY
Last Updated: December - 29 - 2024
Information deemed reliable but not guaranteed.
