909 1ST Street, Neptune Beach, FL 32266

$2,050,000
Property Type: Residential Income Bedrooms: 10 Baths: 4 Square Footage: 5,300 Lot Size (sq. ft.): 7,405 Status: Closed
Current Price: $2,050,000 List Date: 5/03/2024 Last Modified: 3/04/2025

Description

''Sea La Vie''....loosely translates to Ocean Life!!! Step outside...Turn Left...and you are literally steps to your beach access!!! 1 block from the ocean, 9 blocks from Atlantic Beach Town Center places you in the heart of the beaches. This structure has been family owned and managed for many years. Much care and attention has been given to make sure it continues on for generations to come. It is rare, EXTREMELY RARE, to find a FIVE (5) unit, Multi Family building like this! You can continue the 100% occupancy rentals. You can live in one unit and have passive income with the 4 other units. combine two units for your self and rent the other three. So many possibilities! All units have had upgrades and updates, both structural and aesthetic. 100% Turnkey! An extraordinary amount of parking, all of which is off street. Please note attached documents for many more details...Neptune Beach is an amazing community that offers queintissential beach life! Come see for yourself!

More Information MLS# 2023389

Contract Information

Current Price: $2,050,000 Sold Price: $2,050,000 Status: Closed Listing Contract Date: 2024-05-01 Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 909 Street Name: 1ST Street Suffix: Street County: Duval State: FL Postal Code: 32266 Subdivision Name: Neptune Beach MLS Area Major: 221-Neptune Beach-East

General Property Information

Number Of Buildings: 2 Number Of Units Total: 5 Bedrooms Total: 10 Bathrooms Total: 4 Bathrooms Full: 4 Living Area: 5300 New Construction YN: No Year Built: 1950 Garage YN: Yes Garage Spaces: 2 Carport YN: No Parking Total: 12 Lot Size Acres: 0.17 Association YN: No CDD Fee YN: No Pool Private YN: No Waterfront YN: No Furnished: Unfurnished Direction Faces: West Senior Community YN: No Directions: From 3rd. Street turn east on Bay St.....5-plex called ''Sea La Vie'' is located at the corner of Bay and 1st. Street Public Remarks: ''Sea La Vie''....loosely translates to Ocean Life!!! Step outside...Turn Left...and you are literally steps to your beach access!!! 1 block from the ocean, 9 blocks from Atlantic Beach Town Center places you in the heart of the beaches. This structure has been family owned and managed for many years. Much care and attention has been given to make sure it continues on for generations to come. It is rare, EXTREMELY RARE, to find a FIVE (5) unit, Multi Family building like this! You can continue the 100% occupancy rentals. You can live in one unit and have passive income with the 4 other units. combine two units for your self and rent the other three. So many possibilities! All units have had upgrades and updates, both structural and aesthetic. 100% Turnkey! An extraordinary amount of parking, all of which is off street. Please note attached documents for many more details...Neptune Beach is an amazing community that offers queintissential beach life! Come see for yourself! List Price/SqFt: 414.15 Sold Price/SqFt: 386.79

Status Change Information

Major Change Timestamp: 2024-07-12T15:00:17Z Major Change Type: Status Change Purchase Contract Date: 2024-05-15 Close Date: 2024-07-08 Close Price: 2050000

Income and Expenses

Gross Income: 132 Operating Expense: 25

Unit 1 Details

Unit ID: 909 Actual Rent: 2000 Unit SqFt: 1000 Beds Total: 2 Full Baths Total: 1 Furnished: Unfurnished Unit Remarks: Updated

Unit 2 Details

Unit ID: 909A Actual Rent: 2800 Unit SqFt: 1300 Beds Total: 2 Full Baths Total: 1 Furnished: Unfurnished Unit Remarks: Has loft space, terrace & balcony with ocean views

Unit 3 Details

Unit ID: 911 Actual Rent: 2000 Unit SqFt: 1000 Beds Total: 2 Full Baths Total: 1 Furnished: Unfurnished Unit Remarks: Partially Updated

Unit 4 Details

Unit ID: 913 Actual Rent: 2200 Unit SqFt: 1000 Beds Total: 2 Furnished: Unfurnished Unit Remarks: Updated

Unit 5 Details

Unit ID: 915 Actual Rent: 2020 Unit SqFt: 1000 Beds Total: 2 Full Baths Total: 1 Furnished: Unfurnished Unit Remarks: Updated

Property Features

Construction Materials: Concrete Cooling: Central Air; Individual; Separate Meters Current Use: Multi-Family Exterior Features: Balcony Financial Data Source: Owner Flooring: Laminate; Wood Heating: Central; Electric Laundry Features: Common Area; Electric Dryer Hookup; Lower Level Levels: Multi/Split; Two Listing Terms: Cash; Conventional Lot Features: Sprinklers In Rear Parking Features: Additional Parking; Garage; Garage Door Opener; Guest; Varies by Unit Pool Features: None Possession: Close Of Escrow; Subject To Tenant Rights Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Membrane; Metal; Shingle Sewer: Public Sewer Utilities: Cable Available; Electricity Connected; Separate Electric Meters; Separate Water Meters Water Source: Public Contingency Reason: Inspection
Listing Office: THE LEGENDS OF REAL ESTATE
Last Updated: March - 04 - 2025
Information deemed reliable but not guaranteed.