Asking Price
$ 525,000Status
Closed38 E 16TH Street
Jacksonville, FL,32206, Springfield
Overview
7 Bedrooms
4 Bathrooms
Garage
3,468 sqft
Year Built: 1929
School Nearby
Description
Fully renovated 4-unit property in the heart of Springfield. Three units are operating as successful Airbnbs, each bringing in $1,600-$1,700/month. The fourth unit is rented at $950/month on a month-to-month lease. Total monthly income: ~$5,900 with potential to increase. Each unit is separately metered for electric; owner pays water. All units have updated kitchens, bathrooms, HVACs, and modern finishes. Laundry on-site. Street parking available. Located minutes from Downtown, Main Street, and UF Health. Investment Highlights: List Price: $525,000 Gross Monthly Income: ~$5,900 Gross Annual Income: ~$70,800 Estimated Annual Expenses (taxes, insurance, water, maintenance): ~$13,100 Estimated Net Operating Income (NOI): ~$57,700 Estimated Cap Rate: ~11% Perfect for investors looking for a performing asset with upside. Property is fully occupied and generating income from day one.
Features
Status: Closed
Beds: 7
Baths: 4
Square Footage: 3,468 Sq. Ft
HOA Fee: -
Property Type: Quadruplex
MLS Number: 2086660
Days on Market: 104
Year Built: 1929
Lot Size:
County: Duval
Taxes: $5,933.00
Address
38 E 16TH Street , Jacksonville ,FL
Listing provided by: EMERALD REALTY PARTNERS CORP, No contact found!
Asking Price
$525,000Status
ClosedSimilar Properties
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