Jacksonville, FL 32206,38 E 16TH ST
Jacksonville, FL 32206,38 E 16TH ST
Jacksonville, FL 32206,38 E 16TH ST
Jacksonville, FL 32206,38 E 16TH ST
Jacksonville, FL 32206,38 E 16TH ST
Jacksonville, FL 32206,38 E 16TH ST
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$ 525,000
Est. payment | /mo

7 Beds

4 Baths

3,468 SqFt


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$ 525,000
Est. payment | /mo
Save

7 Beds

4 Baths

3,468 SqFt

Key Details

Property Type Multi-Family, Condo

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,468 sqft

Price per Sqft $151

Subdivision Springfield

MLS Listing ID 2086660

Bedrooms 7

Full Baths 4

Year Built 1929

Annual Tax Amount $5,933

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Quadruplex

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

Fully renovated 4-unit property in the heart of Springfield. Three units are operating as successful Airbnbs, each bringing in $1,600-$1,700/month. The fourth unit is rented at $950/month on a month-to-month lease. Total monthly income: ~$5,900 with potential to increase.

Each unit is separately metered for electric; owner pays water. All units have updated kitchens, bathrooms, HVACs, and modern finishes. Laundry on-site. Street parking available. Located minutes from Downtown, Main Street, and UF Health.

Investment Highlights:

List Price: $525,000

Gross Monthly Income: ~$5,900

Gross Annual Income: ~$70,800

Estimated Annual Expenses (taxes, insurance, water, maintenance): ~$13,100

Estimated Net Operating Income (NOI): ~$57,700

Estimated Cap Rate: ~11%

Perfect for investors looking for a performing asset with upside. Property is fully occupied and generating income from day one.

Location

State FL

County Duval

Community Springfield

Area 072-Springfield

Direction from main street take 16th street east. quadplex will be on your right.

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Furnishings Furnished

Exterior

Exterior Feature Balcony

Parking Features On Street

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Garage No

Private Pool No

Building

Lot Description Historic Area

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

New Construction No

Others

Tax ID 0448340000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by EMERALD REALTY PARTNERS CORP
agent-avatar

"People Before Property"

 

+1(904) 463-4662

windy@roundtablerealty.com

1637 Race Track Rd suite 100, Johns, Florida, 32259

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