160 7TH Avenue N, Jacksonville Beach, FL 32250 (MLS# 1131606)

160 7TH Avenue N, Jacksonville Beach, FL 32250

$4,450,000
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.

Listing Details MLS# 1131606

General Property Information

Number Of Units Total
16
Bedrooms Total
16
Bathrooms Total
16
Bathrooms Full
16
Living Area
11520
Living Area Source
Public Records
Year Built
1995
Pool Private YN
No
Water Body Access YN
No
Waterfront YN
No
Furnished
Unfurnished
Stories Total
2
Stories
2
Directions
From Beach Blvd go north on A1A/3rd St to right on 7th Ave N. Building on the right.
Public Remarks
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
List Price/SqFt
390.63
Sold Price/SqFt
386.28
Bathrooms Half
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Electric Water Heater; Refrigerator; Washer Construction Materials: Concrete Cooling: Central Air Flooring: Tile Heating: Central Parking Features: Assigned Pool Features: None Possession: Negotiable; Other Road Surface Type: Asphalt Roof: Metal Sewer: Public Sewer View: Ocean Water Source: Public

Contract Information

Listing Contract Date
2021-09-16

Location Tax and Legal

Street Number
160
Street Name
7TH
Street Suffix
Avenue
Street Direction Suffix
N
County
Duval
State
FL
Postal Code
32250
Subdivision Name
Flagler Tract
MLS Area Major
211-Jacksonville Beach-NE

Status Change Information

Major Change Timestamp
2022-01-21T19:50:57Z
Major Change Type
Status Change
Purchase Contract Date
2021-09-29
Close Date
2022-01-20
Close Price
4450000

Historical Information

Public Historical Remarks 1
Number of Units-16 - 20 Units: Y, # 1 Bedroom Units: 16, Type-Multi Units: Y, Walk-in Closets: Y, Present Common Exp: Sewer, Number of Buildings: 1 Building, Present Rental Terms: Year, One Bedroom Rentals: Over $600/Month, Structure Slab: Y
Public Historical Remarks 2
Restrictions-Pets-No Cats: Y, Restrictions-Pet Fee (No Refund): Y, Present Tenant Exp: All Electric

More Information

Location, Tax, and Legal

Country
US
Parcel Number
1739450000

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Oven
Yes
Electric Range
Yes
Electric Water Heater
Yes
Refrigerator
Yes
Washer
Yes

Construction Materials

Concrete
Yes

Cooling

Central Air
Yes

Flooring

Tile
Yes

Heating

Central
Yes

Parking Features

Assigned
Yes

Pool Features

None
Yes

Possession

Negotiable
Yes
Other
Yes

Road Surface Type

Asphalt
Yes

Roof

Metal
Yes

Sewer

Public Sewer
Yes

View

Ocean
Yes

Water Source

Public
Yes
Listing Office: MIDDLETON REALTY, INC.
Source MLS Verified
Last Updated: February - 10 - 2025
Information deemed reliable but not guaranteed.