Property Type:
Residential Income
Bedrooms:
16
Baths:
16
Square Footage:
11,520
Status:
Closed
Current Price:
$4,450,000
List Date:
9/28/2021
Last Modified:
2/10/2025
Overview
Description
LOCATION! LOCATION! LOCATION! Opportunity to own a trophy property 1 block from the beach and in the Central Jacksonville Beach Entertainment District. New Margaritaville Beach Hotel is a half block walk and Casa Marina Hotel and Restaurant is a 1 block walk. The Jax Beach Pier is a 3 block walk and several bars and restaurants are also within an 8 block walk.
Built in 1994, the building is all concrete block construction including all interior walls. The floor separating the upper and lower units is Precast Tongue and Groove Concrete Floor Planks. Roof is metal making the building almost maintenance free. There are 16 identical 1 bedroom, 1 bathroom units measuring 720 square feet. Upper units have large balconies with ocean views. Lower units have large patios with planted
Supplements:
areas. All units have ceramic tile floors, full sized washers and dryers, large walk in closets in the bedrooms, modern track lighting and assigned parking.
Currently 100% occupied on annual leases, this property is perfectly positioned to transition to short term rentals maximizing return on investment.
