1301 2Nd StJacksonville Beach, FL 32250

Property Details for 1301 2Nd St

Year built

1975

Property size (Sq ft)

4,030 SF

Property type

Apartment buildings

Description

This exceptional four-unit apartment building, located at 1301 2nd St N in Jacksonville Beach, Florida (zip code 32250), presents a compelling investment opportunity. Built in 1975 and extensively renovated in 2023, this two-story building boasts a total of 4,030 square feet and offers a compelling price per square foot of $492.56. Each of the four units features a desirable townhouse layout, including two bedrooms, one and a half bathrooms, and a private patio. Residents enjoy the convenience of in-unit laundry facilities and dedicated off-street parking. The property benefits from a new roof installed in 2020. Currently operating as a profitable short-term rental, this property is ideally suited for investors seeking a turnkey solution for either short-term or long-term rental income. The asking price is $1,985,000, representing a price per unit of $496,250 and a pro-forma cap rate of 4.70% with a pro-forma NOI of $93,360. Its prime location, just one block from Jacksonville Beach, ensures high occupancy rates and strong rental demand. This stabilized investment property offers a rare blend of location, updated amenities, and proven income generation, making it an attractive option for discerning investors.

Location Insight

City

Jacksonville Beach

County

Duval

State

Florida

Latitude

30.3007

Longitude

-81.393

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