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

909 1ST Street, Neptune Beach, FL 32266

$2,050,000
Property Type: Residential Income Bedrooms: 10 Baths: 4 Square Footage: 5,300 Lot Size (sq. ft.): 7,405 Status: Closed
Current Price: $2,050,000 List Date: 5/03/2024 Last Modified: 3/04/2025

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!

Listing Details MLS# 2023389

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
Listing Office: THE LEGENDS OF REAL ESTATE
Source MLS Verified
Last Updated: March - 04 - 2025
Information deemed reliable but not guaranteed.