$2,050,000
909 1ST Street
Neptune Beach, FL 32266
MLS# 2023389
Status: Closed
10 beds  |  4 baths


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Property 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!

Details
Documents
Location, Tax, and Legal
Country: US
Parcel Number: 1726770000
Tax Annual Amount: 20632.31
Tax Year: 2023
Tax Legal Description: 2-12 21-2S-29E NEPTUNE LOT 1 BLK 16
General Property Information
Number Of Buildings: 2
Lot Size Acres: 0.17
Bathrooms Half: 0
Living Area: 5300
Number Of Units Total: 5
CDD Fee YN: No
Association YN: No
Waterfront YN: No
Senior Community YN: No
Direction Faces: West
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!
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Furnished: Unfurnished
Parking Total: 12
Water Body Access YN: No
List Price/SqFt: 414.15
Sold Price/SqFt: 386.79
Bedrooms Total: 10
Bathrooms Total: 4
Bathrooms Full: 4
Year Built: 1950
Construction Materials
Concrete: 1
Cooling
Central Air: 1
Individual: 1
Separate Meters: 1
Current Use
Multi-Family: 1
Exterior Features
Balcony: 1
Financial Data Source
Owner: 1
Flooring
Laminate: 1
Wood: 1
Heating
Central: 1
Electric: 1
Income and Expenses
Gross Income: 132
Operating Expense: 25
Laundry Features
Common Area: 1
Electric Dryer Hookup: 1
Lower Level: 1
Levels
Multi/Split: 1
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Sprinklers In Rear: 1
Parking Features
Additional Parking: 1
Garage: 1
Garage Door Opener: 1
Guest: 1
Varies by Unit: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Membrane: 1
Metal: 1
Shingle: 1
Sewer
Public Sewer: 1
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
Utilities
Cable Available: 1
Electricity Connected: 1
Separate Electric Meters: 1
Separate Water Meters: 1
Water Source
Public: 1
Contingency Reason
Inspection: 1
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
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
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.