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

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.

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