Investor’s Dream! 16% CAP RATE POTENTIAL FOR SHORT TERM RENTAL! See documents for overview. This fully renovated quadruplex in Jacksonville offers a 6.31% 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 was recently rented at $1,278 and the rest are 1 bed/1 baths rented at $1,125 with plenty of potential for raising these rates.
Newer A/Cs in all units! 2 Bed/1 Bath unit now vacant to allow showings and perfect for the new owner to move into or continue renting out! Property also includes vacant lot next to it that could be built on. See survey and do due diligence for buildability.
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