For Sale
$2,459,000

2160 Riverside Ave Jacksonville, FL 32204

Prime Riverside location, 8 remodeled units

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional eight-unit apartment building presents a turnkey investment opportunity in the heart of Jacksonville's vibrant Riverside neighborhood. The property, built in 1953 and situated on a 10,890 square foot lot, boasts a two-story design. All eight units are completely remodeled, featuring two bedrooms and one bathroom each. High-end upgrades include quartz countertops, stainless steel Frigidaire Gallery appliances (refrigerator, stove, built-in microwave, dishwasher, and disposal), oversized 42-inch cabinetry, and Elfa closet systems. Each unit also includes a washer and dryer. The property offers covered parking and benefits from an excellent location, with a high walkability score. It's just one block from the river, Publix, Starbucks, numerous restaurants, and shopping. Downtown Jacksonville and its ongoing billion-dollar development projects are less than two miles away. The current tenant profile is excellent, with rent escalations built into new leases. The property's previous operation as an Airbnb generated gross revenue exceeding $20,000 per month, presenting a compelling additional income stream. This investment offers immediate income at closing and promises strong long-term returns. The asking price is $2,459,000.

Highlights

  • $2,459,000 asking price.
  • Eight-unit multifamily property.
  • Located at 2160 Riverside Avenue, Jacksonville, FL 32204.
  • 10,890 square foot lot.
  • Two-story building, constructed in 1953.

Property Details for 2160 Riverside Ave

Property type
Land, Apartment buildings
Year Built
1953
Stories
2
Units
8

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.3103209
Longitude
-81.6837734

FAQs

What type of property is this?
Land - Prime Riverside location, 8 remodeled units
Where is the land located?
The property is located at 2160 Riverside Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,459,000.
What are key features of this property?
This property features: $2,459,000 asking price.; Eight-unit multifamily property.; Located at 2160 Riverside Avenue, Jacksonville, FL 32204.
How can I contact the broker?
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2160 Riverside Ave
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