1547 Morgan Street, Jacksonville, FL 32209
- $380,000
- 8
- BD
- 4
- BA
- 2,776
- SqFt
- Sold Price
- $380,000
- List Price
- $380,000
- Status
- CLOSED
- Days on Market
- 138
- Closing Date
- Dec 27, 2024
- MLS#
- 2035341
- Subtype
- Residential Income
- Year Built
- 1969
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 2,776
- Lot Size
- 6,098
- Acres
- 0.14
- Subdivision
- Smiths Allotment
- Neighborhood
- 074-Paxon
Property Description
BACK ON THE MARKET with a 10.32% CAP RATE!! - Great investment opportunity in the heart of downtown. This multifamily quadplex offers four spacious units, each featuring 2 bedrooms and 1 bath, perfectly positioned for substantial rental income. Two units have been recently upgraded with fresh paint and new vinyl flooring, 2 brand new water heaters. 2 units have newer ac systems and roof was replaced in 2020. Newer paint job on exterior as well. All units are currently occupied, providing an immediate revenue stream. Located in a rapidly developing downtown area, this property is poised for significant appreciation. With massive expansion and revitalization projects planned for the next few years, the value and rental demand in this area are expected to soar.
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Additional Information
- Air Conditioning
- Central Air
- Roof
- Metal
- Pool Type
- None
Listing courtesy of REAL BROKER LLC.
Selling Office: .