Active

2050 DELLWOOD Avenue

Jacksonville FL, 32204

$591,000


$189.79 per sqft

Active

1 Bed

3,114 sqft

Multi-family

Built in 1946

***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).

2038722

MLS ID

July 25, 2024

Listed

October 1, 2024

Updated

Map

2050 DELLWOOD Avenue
Jacksonville FL, 32204

Interior Features

Bedrooms

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.14 Acres


Lot Features

Historic Area

Other Property Details

Area Name

031-Riverside


Garage

No


Parking

Additional Parking


View

No


County

Duval


Pool

No


Pool Features

None

Listing History

Date

Event

Price

8/30/2024

Price change

$591,000

-5%

Courtesy of SEVEN BRIDGES REALTY GROUP LLC

All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/1/2024 11:14 PM UTC. 

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northeast Florida Multiple Listing Service (DBA as realMLS) (last updated 10/1/2024 11:14 PM UTC). 

Real estate listings held by brokerage firms other than Dogwood Realty, REALTORS® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

©2024 Northeast Florida MLS, Inc. All rights reserved.

Data last updated 11:14 PM UTC, 10/1/2024

 

Powered byLuxury Presence