$449,000
For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2,989 SqFt
SOLD DATE : 12/05/2024
Key Details
Sold Price $449,000
Property Type Multi-Family, Condo
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,989 sqft
Price per Sqft $150
Subdivision Murray Hill Heights
MLS Listing ID 2044234
Bedrooms 4
Year Built 1947
Annual Tax Amount $4,785
Lot Size 6,534 Sqft
Property Description
Discover a prime investment opportunity with this 4-UNIT property in Murray Hill, featuring three 1BR/1BA units and one 2BR/1BA unit. Unit #3 is currently being held vacant to facilitate tours. Current average rent is $948/unit. Most tenants are currently month-to-month, giving the new owner optionality upon takeover. Brand new roof (July 2024). Each unit has an off-street parking space. All utilities are separately metered and paid directly by tenants, which is a rare feature for multifamily properties in the historic districts. Your tenants will love the short 10-minute walk to the restaurants on Edgewood Ave and the quick drive to Avondale (1.9 mi), Five Points (2.1 mi), Downtown (4.8 mi) and San Marco (5.8 mi). This property provides an excellent opportunity for a variety of investor types. An owner occupant could potentially utilize Fannie Mae's 5% down program for multifamily properties and live in one unit while collecting income from the others. Alternatively, an investor could enhance revenue through furnished and short-term rentals, which are popular in the area due to local employment drivers (St Vincent's, Downtown, Brooklyn) and local points of interest (Edgewood Ave, Shoppes of Avondale, Five Points).
Location
State FL
County Duval
Community Murray Hill Heights
Area 051-Murray Hill
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Additional Parking
Pool None
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Building
Lot Description Historic Area
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION
Owner