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2727 RIVERSIDE AVE, JACKSONVILLE, FL 32205 (MLS# 894550)

2727 RIVERSIDE AVE JACKSONVILLE, FL 32205

PRICE: $895,000

   |    MLS#: 894550   |   8 beds    |    8 baths    |    6509 sqft

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Property Description

Rare opportunity to secure a legacy holding in the heart of Riverside on highly desirable Riverside Ave. 2727 Riverside tenant quality is high w/ many long term residents and historically high occupancy, currently 100%. Owner is currently making $60,000 per year (net). The new Owner has the opportunity for even higher net income through rental increases already in progress. Interior hallways, hardwood floors, distinctive floor plans. Currently self-managed with minimal time required. Seller has an estimate to convert the 750sf 3rd floor into an additional 9th unit for $40K. High Walkability Score with shopping, entertainment district, St Vincents Medical Center in very close proximity.



Details
Maps
None
Publish to Internet: 1  


Listing Information
Realtor.COM Type: Commercial Category: Investment Income/Apartment
Status: Active Region: 03-RIVERSIDE/AVONDALE/ORTEGA
Area: 032-AVONDALE Price: 895000
Real Estate Parcel #: 0653360000  


Location, School & Taxes
Street Number: 2727 Street Name: RIVERSIDE
Street Sfx: AVE State/Province: FL
County: DUVAL Postal Code: 32205
Country: USA Legal Name of Subdiv: RIVERSIDE
Common Name of Sub: RIVERSIDE  


Property Description
Total # of units: 8 Bedrooms: 8
Bathrooms: 8 Full Baths: 8
Year Built: 1908 Current Zoning: CRO
Historic Area: Y Waterfront Y/N: N
Navgble to Ocean Y/N: N Approx. Heated SqFt: 6509


Directions and Remarks
Directions: From I-95 W exit take exit 351A for Park St. Turn L on Park St and follow 1.1 mi to turn L onto King St. Follow .2mi and turn R on Riverside Ave. 3rd Building on R. Public Remarks: Rare opportunity to secure a legacy holding in the heart of Riverside on highly desirable Riverside Ave. 2727 Riverside tenant quality is high w/ many long term residents and historically high occupancy, currently 100%. Owner is currently making $60,000 per year (net). The new Owner has the opportunity for even higher net income through rental increases already in progress. Interior hallways, hardwood floors, distinctive floor plans. Currently self-managed with minimal time required. Seller has an estimate to convert the 750sf 3rd floor into an additional 9th unit for $40K. High Walkability Score with shopping, entertainment district, St Vincents Medical Center in very close proximity.


Stories
# Stories: 4  


Unit Info
Total # Units: 8  


Lot Description/View
Land Use Code: CRO  


Annual Fees & Income
Occupancy Rate: 100 Grs Pot Annual Rent: 78660


Property Features
Type: Multi Units
Number of Units: 5 - 10 Units
Number of Buildings: 1 Building
Building Stories: 3 Stories
Square Foot Source: Tax Roll
Major Appliances: Range - Electric; Refrigerator; Washer; Dryer; Wash/Dry Connection
Type of Heating: Central Heating; Space Heating
Type of Cooling: Central Cooling
Pool: No Pool
Parking Facilities: 1 Space P/Unit
Present Rental Terms: Year
Present Tenant Exp: Electric
Present Common Exp: Electric; Water; Sewer
Road Surface: Asphalt Road
Possible Financing: Cash; Conventional
Occupancy: At Closing
Export Options: Publish Address



Listing Office: WARREN & COMPANY

Last Updated: September - 18 - 2017

Information deemed reliable but not guaranteed.

Tuesday 26th of September 2017 05:27 AM

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