1547 MORGAN ST Active

Jacksonville,FL 32209

$ 380000

8 Beds

4 Baths

2776 SqFt


Key Details

Property Type Multi-Family, Condo

Sub Type Quadruplex

Listing Status Active

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

Garage Shared Driveway

Pool None

Utilities Available Cable Available,Electricity Available,Sewer Available,Water Connected

Waterfront No

Roof Type Metal

Parking Type Shared Driveway

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

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