Description

Investor’s Dream! This fully renovated quadruplex in Jacksonville offers a nearly 6% cap rate with long-term rentals, making it a solid income generator. Located in the ideal spot for tenants, it provides quick access to the Mayo Clinic, Baptist South, Memorial Hospitals, and St. Johns Town Center. Whether you’re catering to medical professionals or retail employees, the demand is high. The side-by-side units, with no upstairs neighbors, enhance desirability, ensuring low vacancy rates.

Short-term rentals? The cap rate potential skyrockets! With $90K in renovations and upgrades completed in 2021, this 4-plex is a cash-flowing gold mine waiting for the right investor to capitalize on its potential. Don’t miss out on this opportunity!

Unit 1 is a 2 bed/1 bath currently rented at $1,278 and the rest are 1 bed/1 baths rented at $1,125 with plenty of potential for raising these rates.

(Buyer to do their own due diligence on if short term rentals are allowed) Newer A/Cs in all units!! All leases are over in March of 2025 however the seller is open to seeing if any of the tenants would be open to breaking their lease early if a unit needs to be owner-occupied.

*Photos are deemed reliable but are from before tenants moved in