925 PHILLIPS Street, Jacksonville, FL 32207 (MLS# 1029418)

925 PHILLIPS Street, Jacksonville, FL 32207

$625,000
Property Type: Residential Income Bedrooms: 8 Baths: 4 Square Footage: 3,178 Status: Closed
Current Price: $625,000 List Date: 12/17/2019 Last Modified: 1/28/2025

Overview

Description

All four units have been recently remodeled. Exceptional rental income for the square footage, but highly desirable SAN MARCO LOCATION, walking distance to hospitals. No problem keeping good tenants. Units are upgraded with high-end kitchens, stainless appliances and granite. New windows and recent roof. IMPRESSIVE current rental income of $4,650/month. On site laundry room. Tenant pays for everything except water. Prequalified buyers only- no previews. Sales agent must be present for showing. Do not disturb the tenants. Viewings and inspections on all units with post executed contract. Walk through/inspection within 3-5 business days of executed contract. Anticipate Multiple offers.

Listing Details MLS# 1029418

General Property Information

Number Of Units Total
4
Bedrooms Total
8
Bathrooms Total
4
Bathrooms Full
4
Living Area
3178
Living Area Source
Public Records
Year Built
1928
Lot Size Dimensions
50 x 113
Pool Private YN
No
Water Body Access YN
No
Waterfront YN
No
Furnished
Unfurnished
Stories Total
2
Stories
2
Directions
South on Hendricks Ave. from Downtown. past Nemours Childrens' Hospital, and new Baptist/MD Anderson Cancer Center, turn right on Phillips at Bistro Aix Restaurant, 4-Plex is on the right.
Public Remarks
All four units have been recently remodeled. Exceptional rental income for the square footage, but highly desirable SAN MARCO LOCATION, walking distance to hospitals. No problem keeping good tenants. Units are upgraded with high-end kitchens, stainless appliances and granite. New windows and recent roof. IMPRESSIVE current rental income of $4,650/month. On site laundry room. Tenant pays for everything except water. Prequalified buyers only- no previews. Sales agent must be present for showing. Do not disturb the tenants. Viewings and inspections on all units with post executed contract. Walk through/inspection within 3-5 business days of executed contract. Anticipate Multiple offers.
List Price/SqFt
194.93
Sold Price/SqFt
196.66
Bathrooms Half
0
Garage Spaces
0

Property Features

Appliances: Dryer; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Association Amenities: Laundry Construction Materials: Fiber Cement Cooling: Central Air Flooring: Tile; Vinyl Heating: Central Listing Terms: Cash; Conventional Owner Pays: Grounds Care; Insurance; Other Tax; Repairs; Sewer; Trash Collection; Water Parking Features: Parking Lot Pool Features: None Possession: Other Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer Utilities: Separate Electric Meters Water Source: Public

Contract Information

Listing Contract Date
2019-12-14
Property Sub Type
Quadruplex

Location Tax and Legal

Street Number
925
Street Name
PHILLIPS
Street Suffix
Street
County
Duval
State
FL
Postal Code
32207
Subdivision Name
Palm Park
MLS Area Major
011-San Marco

Status Change Information

Major Change Timestamp
2020-02-01T05:05:06Z
Major Change Type
Status Change
Purchase Contract Date
2019-12-14
Close Date
2020-01-30
Close Price
625000

Income and Expenses

Gross Income
55800
Gross Scheduled Income
60000

More Information

Historical Information

Public Historical Remarks 1
Utilities-Common Water: Y, Occupancy Rate: 100, Annual Property Tax: 6946, Annual Fees and Income-Annual Insurance Exp: 2520, Possible Financing-1031 Exchange: Y, Approx Lease SqFt: 3714.00, Present Common Exp: Water,Sewer, Number of Buildings: 1 Building, Present Rental Terms: Month to Month,Year,6 + Month, Two Bedroom Rentals: $801 to $1000/Month,$1001 to $1500/Month, Energy Features-Ceiling Fan(s): Y, Structure Slab: Y
Public Historical Remarks 2
Restrictions-Smoking Prohibited: Y, Restrictions-Pet Fee (No Refund): Y, Annual Rent: 55800.00, # 2 Bedroom Units: 4, Utilities-Common Sewer: Y, Annual Utilities: 1500, Present Tenant Exp: All Electric
Public Historical Remarks 3
Current Zoning: CRO

Location, Tax, and Legal

Country
US
Parcel Number
0807660000
Elementary School
Hendricks Avenue
Middle School
Landon
High School
Samuel W. Wolfson

Appliances

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

Association Amenities

Laundry
Yes

Construction Materials

Fiber Cement
Yes

Cooling

Central Air
Yes

Flooring

Tile
Yes
Vinyl
Yes

Heating

Central
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Owner Pays

Grounds Care
Yes
Insurance
Yes
Other Tax
Yes
Repairs
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Parking Features

Parking Lot
Yes

Pool Features

None
Yes

Possession

Other
Yes

Road Surface Type

Asphalt
Yes

Roof

Shingle
Yes

Sewer

Public Sewer
Yes

Utilities

Separate Electric Meters
Yes

Water Source

Public
Yes
Listing Office: MARY BURNETT, BROKER
Source MLS Verified
Last Updated: January - 28 - 2025
Information deemed reliable but not guaranteed.