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