1547 MORGAN ST Save Request In-Person Tour Request Virtual Tour
Jacksonville,FL 32209
Key Details
Property Type Multi-Family, Condo
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,776 sqft
Price per Sqft $136
Subdivision Smiths Allotment
MLS Listing ID 2035341
Bedrooms 8
Full Baths 4
HOA Y/N No
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1969
Annual Tax Amount $5,001
Lot Size 6,098 Sqft
Acres 0.14
Property Description
BACK ON THE MARKET with a 10.32% CAP RATE!! - Great investment opportunity in the heart of downtown. This multifamily quadplex offers four spacious units, each featuring 2 bedrooms and 1 bath, perfectly positioned for substantial rental income. Two units have been recently upgraded with fresh paint and new vinyl flooring, 2 brand new water heaters. 2 units have newer ac systems and roof was replaced in 2020. Newer paint job on exterior as well.
All units are currently occupied, providing an immediate revenue stream.
Located in a rapidly developing downtown area, this property is poised for significant appreciation. With massive expansion and revitalization projects planned for the next few years, the value and rental demand in this area are expected to soar.
Location
State FL
County Duval
Community Smiths Allotment
Area 074-Paxon
Direction From I 95N take Union Street exit, turn right on Lee St, right on Beaver, right on Tyler St, left on Morgan st home is on the right.
Interior
Heating Central
Cooling Central Air
Flooring Carpet,Vinyl
Furnishings Unfurnished
Exterior
Parking Features Shared Driveway
Pool None
Utilities Available Cable Available,Electricity Available,Sewer Available,Water Connected
Roof Type Metal
Garage No
Private Pool No
Building
Lot Description Other
Story 2
Sewer Public Sewer
Level or Stories 2
New Construction No
Others
Tax ID 0759190000
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional