209/211/21 12TH Avenue S ALL 12, Jacksonville Beach, FL 32250 (MLS# 813575)

209/211/21 12TH Avenue S ALL 12, Jacksonville Beach, FL 32250

$2,175,000
Property Type: Residential Income Bedrooms: 24 Baths: 12 Square Footage: 9,960 Status: Closed
Current Price: $2,175,000 List Date: 2/15/2016 Last Modified: 12/29/2024

Overview

Description

This is an amazing investment is a one-of-a-kind. Currently a 12 unit rental property providing a 6% CAP rate with potential to increase that, it is also already legally divided into 12 units, making it a prime condo conversion. Located east of 3rd Street in the desirable southern portion of Jacksonville Beach, it's only a three minute walk to the beach and a 15 minute walk to downtown Jax Beach! Three four-plexes with great views, plenty of parking and spacious porches make this a fantastic asset. Always fully occupied, the 12 units were fully renovated just a few years ago and have granite countertops, stainless steel appliances, W/D in unit and plenty of closet and porch space. Rent now and convert to condos now or in a few years. The upside to this asset is huge!

Listing Details MLS# 813575

General Property Information

Number Of Units Total
12
Bedrooms Total
24
Bathrooms Total
12
Bathrooms Full
12
Living Area
9960
Living Area Source
Public Records
Year Built
1977
Pool Private YN
No
Water Body Access YN
No
Waterfront YN
No
Stories Total
2
Stories
2
Directions
On the corner of 12th Ave S and 2nd St. S
Public Remarks
This is an amazing investment is a one-of-a-kind. Currently a 12 unit rental property providing a 6% CAP rate with potential to increase that, it is also already legally divided into 12 units, making it a prime condo conversion. Located east of 3rd Street in the desirable southern portion of Jacksonville Beach, it's only a three minute walk to the beach and a 15 minute walk to downtown Jax Beach! Three four-plexes with great views, plenty of parking and spacious porches make this a fantastic asset. Always fully occupied, the 12 units were fully renovated just a few years ago and have granite countertops, stainless steel appliances, W/D in unit and plenty of closet and porch space. Rent now and convert to condos now or in a few years. The upside to this asset is huge!
List Price/SqFt
261.04
Sold Price/SqFt
218.37
Bathrooms Half
0

Property Features

Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Construction Materials: Stucco Cooling: Central Air Heating: Central Listing Terms: Cash; Conventional Lot Features: Corner Lot Owner Pays: Grounds Care; Insurance; Other Tax; Trash Collection Parking Features: Assigned; Guest Pool Features: None Possession: Negotiable Road Surface Type: Paved Roof: Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date
2016-01-26
Property Sub Type
Quadruplex

Location Tax and Legal

Street Number
209/211/21
Street Name
12TH
Street Suffix
Avenue
Street Direction Suffix
S
County
Duval
State
FL
Postal Code
32250
Subdivision Name
South Beach
MLS Area Major
212-Jacksonville Beach-SE

Status Change Information

Major Change Timestamp
2023-11-20T12:01:56Z
Major Change Type
Price Reduced
Price Change Timestamp
2016-04-08T17:56:33Z
Purchase Contract Date
2016-12-23
Close Date
2017-01-06
Close Price
2175000

Historical Information

Public Historical Remarks 1
Type-Multi Units: Y, Number of Buildings: 3 Buildings, Present Rental Terms: 6 + Month,Year, Two Bedroom Rentals: $1001 to $1500/Month
Public Historical Remarks 2
Annual Rent: 216000.00, Number of Units-11 - 15 Units: Y, # 2 Bedroom Units: 12, Present Tenant Exp: All Electric,Water
Public Historical Remarks 3
Type: Multi Units

More Information

Location, Tax, and Legal

Unit Number
ALL 12
Country
US
Parcel Number
17632050405056(12FOLIOS)

Appliances

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

Construction Materials

Stucco
Yes

Cooling

Central Air
Yes

Heating

Central
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Corner Lot
Yes

Owner Pays

Grounds Care
Yes
Insurance
Yes
Other Tax
Yes
Trash Collection
Yes

Parking Features

Assigned
Yes
Guest
Yes

Pool Features

None
Yes

Possession

Negotiable
Yes

Road Surface Type

Paved
Yes

Roof

Shingle
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Documents

Listing Office: FIRST COAST SOTHEBYS INTERNATIONAL REALTY
Source MLS Verified
Last Updated: December - 29 - 2024
Information deemed reliable but not guaranteed.