1725 Prospect Street, Jacksonville, FL 32208

Property Description

Qualified buyers can receive up to $7,500 toward closing costs or rate buy-down with our preferred lender! Stunningly renovated and income-producing, 1725 Prospect Lane offers exceptional value just steps from the river and minutes from downtown Jacksonville. Set on a generous 10,000 SF lot in a quiet, high-demand neighborhood, this versatile property features a 2BR/1BA main home--previously rented for $1,550/month and now vacant for easy showings--plus a non-conforming 1BR/1BA attached ADU leased to a long-term tenant at $975/month. With previous gross rental income of $30,300/year and a 9.9% takeover cap rate, it's an ideal opportunity for house hackers, investors, or multigenerational buyers. Recent upgrades include a new roof, well pump, water softener, AC units in both residences, a full boundary fence, and fresh interior and exterior paint--all completed within the last two years, delivering peace of mind and strong cash flow from day one.