UPDATED:
Key Details
Property Type Multi-Family, Condo
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,776 sqft
Price per Sqft $118
Subdivision Smiths Allotment
MLS Listing ID 2109815
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1969
Annual Tax Amount $3,455
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Quadruplex
Source realMLS (Northeast Florida Multiple Listing Service)
Property Description
With four spacious units, the property is well-positioned to generate strong rental income, with the potential to achieve a cap rate of up to 13%. Investors will appreciate the steady cash flow and long-term growth, while owner-occupants have the unique opportunity to live in one unit and let the other rentals offset their mortgage.
Whether you're looking to expand your portfolio with a high-performing asset or secure a home that helps pay for itself, this downtown quadplex is a rare find that combines prime location with financial upside.
Location
State FL
County Duval
Community Smiths Allotment
Area 074-Paxon
Direction From Edgewood Ave S, turn right onto W Beaver St. Turn left onto Acorn St. Right on Morgan
Interior
Heating Other
Cooling Wall/Window Unit(s)
Furnishings Unfurnished
Exterior
Parking Features On Street, Parking Lot
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Garage No
Private Pool No
Building
Lot Description Other
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Structure Type Concrete
New Construction No
Others
Tax ID 0758700100
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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