2050 Dellwood Ave
4 Unit Apartment Building | $591,000 ($147,750/Unit) | Jacksonville, FL 32204
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $591,000
- Property Type
-
Multifamily
- Square Feet
- 3,114 SF
Listing Contacts
Dawson Wakefield
Verified Profile
Steven McAdoo
Verified Profile
- Property Info
Property Overview
Fully occupied property producing monthly gross rent of $3,740
Unit mix is three 1/1s and one 2/1 with rents substantially below market
Two of the units are month to month, giving a new owner the opportunity to quickly renovate and increase rents to market rates
Value add potential by renovating interiors with modern finishes and adding in-unit washer/dryer (2/1 currently has washer/dryer hookups)
Roof replaced in 2019
Off street parking in the back of the building
All utilities are separately metered and paid directly by tenants, which is a rare feature compared to other multifamily properties in Riverside
Walking distance to Five Points and Riverside Park
Short drive to Brooklyn, Downtown, and San Marco, providing easy access to business districts and cultural attractions
Potential to enhance revenue through furnished and short term rentals due to local employment drivers (St. Vincent’s, Downtown, Brooklyn)
Unit mix is three 1/1s and one 2/1 with rents substantially below market
Two of the units are month to month, giving a new owner the opportunity to quickly renovate and increase rents to market rates
Value add potential by renovating interiors with modern finishes and adding in-unit washer/dryer (2/1 currently has washer/dryer hookups)
Roof replaced in 2019
Off street parking in the back of the building
All utilities are separately metered and paid directly by tenants, which is a rare feature compared to other multifamily properties in Riverside
Walking distance to Five Points and Riverside Park
Short drive to Brooklyn, Downtown, and San Marco, providing easy access to business districts and cultural attractions
Potential to enhance revenue through furnished and short term rentals due to local employment drivers (St. Vincent’s, Downtown, Brooklyn)
Property Details
- Class
- C
- Year Built
- 1946
- Stories
- 2
- Lot Size (sq. ft)
- 6,098 SF
- Units
- 4
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