1130 Market St StJacksonville, FL 32206

Property Details for 1130 Market St St

Year built

1986

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This fully renovated, Class A triplex in Jacksonville, Florida's Historic Springfield neighborhood presents a compelling investment opportunity. Built in 1986, this single-story property boasts three spacious units, each featuring two bedrooms and one bathroom, complete with convenient in-unit washer and dryer hookups. Two units are currently leased at $1350 per month, generating immediate cash flow. One unit is currently vacant, offering the potential for immediate rental income increase. The property is listed at $529,000, with a projected cap rate of 7.00%. The lot size is not specified, however, the property includes off-street parking. This turnkey investment is ideal for adding to an existing portfolio or for first-time multifamily investors seeking a strong return. The property's location in the desirable Historic Springfield area offers excellent potential for future appreciation. The existing leases and the vacant unit provide a flexible entry point for managing and growing rental income. This well-maintained property requires minimal immediate capital expenditure, allowing for a quick return on investment. The strong rental market in Jacksonville, Florida, further enhances the property's long-term value and potential for increased profitability. This is a rare opportunity to acquire a well-positioned, income-producing asset in a thriving urban neighborhood.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3368

Longitude

-81.6521

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