Price Reduced 4.83%
Price History
$621,000
7/25/2024
$591,000
8/30/2024
2050 DELLWOOD Avenue, Jacksonville, FL, 32204
1 beds
1946
3,114 sqft
***PRICE REDUCTION***Discover a prime investment opportunity with this 100% occupied 4-UNIT property in Historic Riverside, featuring a desirable unit mix of three 1/1's and one 2/1. Current avg rents are substantially below market with average in-place rents of $935 per unit. There is significant potential to increase rents to market by renovating interiors with modern finishes and in-unit washer/dryers (the 2/1 has existing washer/dryer hookups). The roof was replaced in 2019. All utilities are submetered. Tenants will appreciate the off-street parking in the of the building, enhancing convenience and security. The property is within walking distance to Five Points and Riverside Park. It is also a short drive to Brooklyn, downtown, and San Marco, providing easy access to many area attractions. This property provides an excellent opportunity for a variety of investor types. An owner occupant could utilize Fannie Mae's 5% down program for multifamily properties. An investor could enhance revenue through furnished and short-term rentals, which are popular in the area due to local employment drivers (St Vincent's, Downtown, Brooklyn) and local points of interest (Shoppes of Avondale, Five Points).
Status:
Active
Type:
Multi-family
Units:
1
Subdivision:
Riverside
Heating:
Central
Cooling:
Central Air
Parking:
Additional Parking
Acreage:
0.14
Est. Taxes:
$8,125
Current Use
Residential
Utilities
Cable Available, Electricity Connected, Sewer Connected, Water Connected
Lot Description:
Historic Area
Pool:
None
MLS #:
2038722
Community Info
School Info
Walk Score
Yelp
Similar Properties
New or Coming Soon Properties
Copyright ©2024 Northeast Florida Multiple Listing Service,
Listing courtesy of SEVEN BRIDGES REALTY GROUP LLC