For Sale
$129,043

2842 Saturn Ave Jacksonville, FL 32206

High-yield duplex, strong NOI, renovated.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a two-unit duplex located at 2842 Saturn Ave, Jacksonville, FL 32206 in Duval County. The property boasts a compelling 29.06% cap rate and a strong net operating income (NOI) of $37,500, reflecting a current occupancy rate of 84%. Each unit features approximately 970-1100 square feet of living space, with a total net rentable area of 1,000 square feet. The property includes five parking spaces. Significant renovations were completed within the last two years, encompassing new plumbing and electrical systems, updated kitchens and bathrooms, new flooring, and fresh interior and exterior paint. Both units are situated on corner lots and are fully fenced. One unit currently generates income through Airbnb, consistently earning between $1900 and $2500 monthly, with projections for even higher returns. The property sits on a ground lease and is offered for sale by owner with 100% ownership. This is a rare opportunity to acquire a high-performing, income-producing asset with significant upside potential. The property is a single-story building, built in 2001 and renovated in 2022. The asking price is $129,043. This is a single-family rental portfolio investment opportunity.

Highlights

  • Extensive renovations completed within the last two years, including new plumbing, electrical, kitchens, bathrooms, flooring, and interior/exterior paint.
  • Duplex features two units, approximately 1,000 square feet each, with five parking spaces on corner lots, fully fenced.
  • Strong current income: one unit generates $1,900-$2,500 monthly via Airbnb, the other is a long-term rental.
  • Exceptional investment opportunity with a 29.06% cap rate and $37,500 NOI; 84% occupancy.
  • Offered at $129,043, this single-story, 2001-built duplex sits on a ground lease with 100% ownership.

Property Details for 2842 Saturn Ave

Property type
Residential income homes
Square Feet
970 SF
Year Renovated
1
Buildings
3
Stories
1
Units
2

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.3557488
Longitude
-81.6643374

FAQs

What type of property is this?
Residential income home - High-yield duplex, strong NOI, renovated.
Where is the residential income home located?
The property is located at 2842 Saturn Ave Jacksonville, FL.
What is the asking price?
The asking price for this property is $129,043.
What are key features of this property?
This property features: Extensive renovations completed within the last two years, including new plumbing, electrical, kitchens, bathrooms, flooring, and interior/exterior paint.; Duplex features two units, approximately 1,000 square feet each, with five parking spaces on corner lots, fully fenced.; Strong current income: one unit generates $1,900-$2,500 monthly via Airbnb, the other is a long-term rental.
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2842 Saturn Ave
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