209/211/21 12TH Avenue S ALL 12
Jacksonville Beach, FL 32250
MLS# 813575
Status:
Closed24 beds | 12 baths
Property DescriptionThis 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!
Unit Number: ALL 12
Country: US
Parcel Number: 17632050405056(12FOLIOS)
Bathrooms Half: 0
Living Area: 9960
Number Of Units Total: 12
Living Area Source: Public Records
Waterfront YN: No
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!
Pool Private YN: No
Stories: 2
Stories Total: 2
Water Body Access YN: No
List Price/SqFt: 261.04
Sold Price/SqFt: 218.37
Bedrooms Total: 24
Bathrooms Total: 12
Bathrooms Full: 12
Electric Oven: 1
Electric Range: 1
Electric Water Heater: 1
Microwave: 1
Grounds Care: 1
Insurance: 1
Other Tax: 1
Trash Collection: 1
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
Current Price: $2,175,000
Sold Price: $2,175,000
Status: Closed
Listing Contract Date: 2016-01-26
Property Sub Type: Quadruplex
Street Number: 209/211/21
Street Name: 12TH
Street Suffix: Avenue
Street Direction Suffix: S
Postal Code: 32250
Subdivision Name: South Beach
MLS Area Major: 212-Jacksonville Beach-SE
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
Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer
Construction Materials: Stucco
Listing Terms: Cash; Conventional
Owner Pays: Grounds Care; Insurance; Other Tax; Trash Collection
Parking Features: Assigned; Guest
Security Features: Smoke Detector(s)
Listing Office: FIRST COAST SOTHEBYS INTERNATIONAL REALTY
Last Updated: December - 29 - 2024
Information deemed reliable but not guaranteed.
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