Commercial property in Jacksonville Beach, Florida 4 bedrooms, 113.53 sq.m. № 820695

Property description

Welcome to a rare investment gem located in fast-growing and desirable Jacksonville Beach, Florida. 1031 EXCHANGE WELCOME with QI already in place. TENANTS RESPONSIBLE FOR LAWN CARE! This spacious and well-maintained duplex presents an exceptional opportunity to maximize your returns with a projected 4% OVERALL PROFORMA CAPITALIZATION RATE calculated at market rent and current asking price! OTHER INCOME AVAILABLE (W/Ds)! Currently cash flowing a total monthly gross rental income of $2,575 ($30,900 annum), thanks to two reliable tenants under one-year attorney-drawn lease agreements. WASHERs/DRYERs convey BOTH UNITS! Rents currently below market value due to the owner's philanthropic approach, providing significant room to increase rents and enhance your cash flow. LOCATION: BEACH LIVING! Continuous high demand from current and future tenants.

Whether you're an experienced investor looking to diversify your portfolio, or a newcomer seeking a dependable income stream, this property is investor-friendly and has been well-maintained, minimizing the need for immediate capital investments.