909 1ST Street, Neptune Beach, FL 32266 (MLS# 2023389)

Overview

Description

''Sea La Vie''....loosely translates to Ocean Life!!! Step outside...Turn Left...and you are literally steps to your beach access!!! 1 block from the ocean, 9 blocks from Atlantic Beach Town Center places you in the heart of the beaches. This structure has been family owned and managed for many years. Much care and attention has been given to make sure it continues on for generations to come. It is rare, EXTREMELY RARE, to find a FIVE (5) unit, Multi Family building like this! You can continue the 100% occupancy rentals. You can live in one unit and have passive income with the 4 other units. combine two units for your self and rent the other three. So many possibilities! All units have had upgrades and updates, both structural and aesthetic. 100% Turnkey! An extraordinary amount of parking, all of which is off street. Please note attached documents for many more details...Neptune Beach is an amazing community that offers queintissential beach life! Come see for yourself!

General Property Information

Number Of Buildings: 2
Number Of Units Total: 5
Bedrooms Total: 10
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 5300
New Construction YN: No
Year Built: 1950
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Parking Total: 12
Lot Size Acres: 0.17
Association YN: No
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Direction Faces: West
Senior Community YN: No
Directions: From 3rd. Street turn east on Bay St.....5-plex called ''Sea La Vie'' is located at the corner of Bay and 1st. Street
Public Remarks: ''Sea La Vie''....loosely translates to Ocean Life!!! Step outside...Turn Left...and you are literally steps to your beach access!!! 1 block from the ocean, 9 blocks from Atlantic Beach Town Center places you in the heart of the beaches. This structure has been family owned and managed for many years. Much care and attention has been given to make sure it continues on for generations to come. It is rare, EXTREMELY RARE, to find a FIVE (5) unit, Multi Family building like this! You can continue the 100% occupancy rentals. You can live in one unit and have passive income with the 4 other units. combine two units for your self and rent the other three. So many possibilities! All units have had upgrades and updates, both structural and aesthetic. 100% Turnkey! An extraordinary amount of parking, all of which is off street. Please note attached documents for many more details...Neptune Beach is an amazing community that offers queintissential beach life! Come see for yourself!
List Price/SqFt: 414.15
Sold Price/SqFt: 386.79
Bathrooms Half: 0

Property Features

Construction Materials: Concrete Cooling: Central Air; Individual; Separate Meters Current Use: Multi-Family Exterior Features: Balcony Financial Data Source: Owner Flooring: Laminate; Wood Heating: Central; Electric Laundry Features: Common Area; Electric Dryer Hookup; Lower Level Levels: Multi/Split; Two Listing Terms: Cash; Conventional Lot Features: Sprinklers In Rear Parking Features: Additional Parking; Garage; Garage Door Opener; Guest; Varies by Unit Pool Features: None Possession: Close Of Escrow; Subject To Tenant Rights Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Membrane; Metal; Shingle Sewer: Public Sewer Utilities: Cable Available; Electricity Connected; Separate Electric Meters; Separate Water Meters Water Source: Public Contingency Reason: Inspection

Contract Information

Listing Contract Date: 2024-05-01
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 909
Street Name: 1ST
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32266
Subdivision Name: Neptune Beach
MLS Area Major: 221-Neptune Beach-East

Status Change Information

Major Change Timestamp: 2024-07-12T15:00:17Z
Major Change Type: Status Change
Purchase Contract Date: 2024-05-15
Close Date: 2024-07-08
Close Price: 2050000

Income and Expenses

Gross Income: 132
Operating Expense: 25

More Information

Unit 1 Details

Unit ID: 909
Actual Rent: 2000
Unit SqFt: 1000
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Updated

Unit 2 Details

Unit ID: 909A
Actual Rent: 2800
Unit SqFt: 1300
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Has loft space, terrace & balcony with ocean views

Unit 3 Details

Unit ID: 911
Actual Rent: 2000
Unit SqFt: 1000
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Partially Updated

Unit 4 Details

Unit ID: 913
Actual Rent: 2200
Unit SqFt: 1000
Furnished: Unfurnished
Unit Remarks: Updated

Unit 5 Details

Unit ID: 915
Actual Rent: 2020
Unit SqFt: 1000
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Updated

Location, Tax, and Legal

Country: US
Parcel Number: 1726770000
Tax Annual Amount: 20632.31
Tax Year: 2023
Tax Legal Description: 2-12 21-2S-29E NEPTUNE LOT 1 BLK 16

Construction Materials

Concrete: Yes

Cooling

Central Air: Yes
Individual: Yes
Separate Meters: Yes

Current Use

Multi-Family: Yes

Exterior Features

Balcony: Yes

Financial Data Source

Owner: Yes

Flooring

Laminate: Yes
Wood: Yes

Heating

Central: Yes
Electric: Yes

Laundry Features

Common Area: Yes
Electric Dryer Hookup: Yes
Lower Level: Yes

Levels

Multi/Split: Yes
Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Sprinklers In Rear: Yes

Parking Features

Additional Parking: Yes
Garage: Yes
Garage Door Opener: Yes
Guest: Yes
Varies by Unit: Yes

Pool Features

None: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Roof

Membrane: Yes
Metal: Yes
Shingle: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Separate Electric Meters: Yes
Separate Water Meters: Yes

Water Source

Public: Yes

Contingency Reason

Inspection: Yes