A rare find for savvy investors, this fully renovated 4-unit property delivers nearly a 6% cap rate. Strategically located near the Mayo Clinic, Baptist South, Memorial Hospitals, and St. Johns Town Center, this quadruplex is perfectly positioned to attract consistent tenant demand, especially from medical professionals and retail employees.
Each side-by-side unit offers private, ground-level living with no upstairs neighbors, increasing tenant satisfaction and reducing vacancy. Unit 1 is a spacious 2 bed / 1 bath was previously leased at $1,278, while the remaining three 1 bed / 1 bath units are each rented at $1,125, with room for rental rate growth.
Completed in 2021, the property has undergone $90K in renovations and upgrades, including newer A/C systems in all units, offering peace of mind and minimal maintenance needs. With short-term rental potential, cap rates could increase significantly (buyer to verify short-term rental allowances).
All units are vacant and ready for you to come see.
This is your chance to own a cash-flowing asset in one of Jacksonville’s most desirable rental corridors. Don’t miss out, schedule your showing today!
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