2842 Saturn AveJacksonville, FL 32206

Property Details for 2842 Saturn Ave

Property size (Sq ft)

970 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3557

Longitude

-81.6643

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