For Sale
$220,000

4304 Springfield BlvdJacksonville, FL 32206

Three-unit rental property, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a three-unit multifamily portfolio in Jacksonville, Florida's Duval County, encompassing a duplex and a single-family home. The duplex, located at 4304/4306 Springfield Blvd, Jacksonville, FL 32206, boasts a total of 1,660 square feet on a 5,540 square foot lot. Each of the two units features two bedrooms and one bathroom, recently renovated (2022-2023) with a new roof, AC, plumbing, and electrical systems. Minor cosmetic work is needed to complete the turnover. The property's current rental status is vacant, but a potential rental income of $1,850 is projected. The single-family home, situated at 1302 W 31st St, Jacksonville, FL 32209, offers 598 square feet on a large 5,000 square foot lot with potential for subdivision and new construction. This unit, also a two-bedroom, one-bathroom property, requires renovation but already features a new roof, framing, and drywall. The projected rental income for this property is $950 per month. The entire portfolio is classified as Class C, with a projected annual income of $33,600 and a pro forma cap rate of 10.91%. The asking price for this value-add investment is $220,000. This portfolio offers significant potential for rental income and appreciation in a thriving Jacksonville market.

Highlights

  • 1. Single-family home.
  • 2. Side-by-side duplex.
  • 3. Asking price: $220,000

Property Details for 4304 Springfield Blvd

Property type
Residential income homes
Class
C
Year Renovated
2022
Buildings
2
Units
3

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.365397239129
Longitude
-81.661109635264
4304 Springfield Blvd, Jacksonville, Florida

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4304 Springfield Blvd
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