803 2nd Avenue S Unit 803/807, Jacksonville Beach, FL 32250

Property Description

**MULTIPLE OFFERS - HIGHEST AND BEST DUE THURSDAY (1/11/2024) at 5:00 PM** Welcome to a rare investment gem located in fast-growing and desirable Jacksonville Beach, Florida. 1031 EXCHANGE WELCOME with QI already in place. TENANTS RESPONSIBLE FOR LAWN CARE! This spacious and well-maintained duplex presents an exceptional opportunity to maximize your returns with a projected 4% OVERALL PROFORMA CAPITALIZATION RATE calculated at market rent and current asking price! OTHER INCOME AVAILABLE (W/Ds)! Currently cash flowing a total monthly gross rental income of $2,575 ($30,900 annum), thanks to two reliable tenants under one-year attorney-drawn lease agreements. WASHERs/DRYERs convey BOTH UNITS! Rents currently below market value due to the owner's philanthropic approach, providing significant room to increase rents and enhance your cash flow. LOCATION: BEACH LIVING! Continuous high demand from current and future tenants. Whether you're an experienced investor looking to diversify your portfolio, or a newcomer seeking a dependable income stream, this property is investor-friendly and has been well-maintained, minimizing the need for immediate capital investments. Don't miss out on this rare opportunity. Act now to secure this duplex, unlock its full income potential by adjusting rents to market rates, and watch your investment grow.