1202 1ST Street S, Jacksonville Beach, FL 32250 (MLS# 1218123)

1202 1ST Street S, Jacksonville Beach, FL 32250

$1,500,000
Property Type: Residential Income Bedrooms: 5 Baths: 5 Square Footage: 2,624 Status: Closed
Current Price: $1,500,000 List Date: 3/22/2023 Last Modified: 2/22/2025

Overview

Description

Tap into coastal investing at its finest with this cash-flowing ocean-view multifamily property in Jacksonville Beach! This is a unique opportunity to own a turnkey investment property with significant rental income of nearly $170k annually as a short-term rental. A total of 3 fully-furnished units featuring immaculate living areas, updated kitchens/baths, and masterful design. The property has been well-maintained with interior renovations, enhancing its rental appeal and making it a sought-after destination. Amenities include balconies with breathtaking ocean-views, in-unit laundry, oversized off-street parking, and fenced outdoor space perfect for entertaining. Walking distance to endless shops, bars, restaurants, and beach attractions. A must have addition to any portfolio.

Listing Details MLS# 1218123

General Property Information

Number Of Units Total
3
Bedrooms Total
5
Bathrooms Total
5
Bathrooms Full
3
Bathrooms Half
2
Living Area
2624
Living Area Source
Public Records
Year Built
1983
Carport Spaces
3
Pool Private YN
No
Water Body Access YN
No
Waterfront YN
No
Furnished
Furnished
Stories Total
3
Stories
3
Directions
In Jacksonville Beach from A1A to 12th Ave S. East to end of street. Property is on the right hand side at corner of 1st St S and 12th Ave S.
Public Remarks
Tap into coastal investing at its finest with this cash-flowing ocean-view multifamily property in Jacksonville Beach! This is a unique opportunity to own a turnkey investment property with significant rental income of nearly $170k annually as a short-term rental. A total of 3 fully-furnished units featuring immaculate living areas, updated kitchens/baths, and masterful design. The property has been well-maintained with interior renovations, enhancing its rental appeal and making it a sought-after destination. Amenities include balconies with breathtaking ocean-views, in-unit laundry, oversized off-street parking, and fenced outdoor space perfect for entertaining. Walking distance to endless shops, bars, restaurants, and beach attractions. A must have addition to any portfolio.
List Price/SqFt
609.76
Sold Price/SqFt
571.65
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer Construction Materials: Shell Dash Cooling: Central Air; Wall/Window Unit(s) Heating: Central Listing Terms: Cash; Conventional; VA Loan Parking Features: Parking Lot Pool Features: None Possession: Negotiable Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer View: Ocean Water Source: Public

Contract Information

Listing Contract Date
2023-03-21
Property Sub Type
Triplex

Location Tax and Legal

Street Number
1202
Street Name
1ST
Street Suffix
Street
Street Direction Suffix
S
County
Duval
State
FL
Postal Code
32250
Subdivision Name
Pablo Beach South
MLS Area Major
212-Jacksonville Beach-SE

Status Change Information

Major Change Timestamp
2023-06-09T13:36:55Z
Major Change Type
Status Change
Purchase Contract Date
2023-05-03
Close Date
2023-06-08
Close Price
1500000

Historical Information

Public Historical Remarks 1
# 1 Bedroom Units: 1, Possible Financing-1031 Exchange: Y, Number of Buildings: 1 Building
Public Historical Remarks 2
Annual Rent: 169279.00, # 2 Bedroom Units: 2
Public Historical Remarks 3
Current Zoning: JRM-2

More Information

Location, Tax, and Legal

Parcel Number
1762170000

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Range
Yes
Electric Water Heater
Yes
Ice Maker
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Construction Materials

Shell Dash
Yes

Cooling

Central Air
Yes
Wall/Window Unit(s)
Yes

Heating

Central
Yes

Listing Terms

Cash
Yes
Conventional
Yes
VA Loan
Yes

Parking Features

Parking Lot
Yes

Pool Features

None
Yes

Possession

Negotiable
Yes

Road Surface Type

Asphalt
Yes

Roof

Shingle
Yes

Sewer

Public Sewer
Yes

View

Ocean
Yes

Water Source

Public
Yes
Listing Office: NOMAD REALTY
Source MLS Verified
Last Updated: February - 22 - 2025
Information deemed reliable but not guaranteed.