2780 RIVERSIDE AVE, Jacksonville, Florida 32205

$499,000
5
BD
5
BA
4,300
SqFt

Property Description

This is a great investment opportunity to add to your portfolio! The building is 100 percent occupied and the apartments have a history of renting within days. Three of the four apartments are in the main building. The downstairs apartment has 2 bedrooms and 1.5 baths with a living room, dining room, kitchen and an inside laundry room as well as a spacious front porch. The upstairs apartment has 2 bedrooms, 1 bath with a living room, dining room, kitchen, a side balcony, and a porch off of one of the bedrooms. The basement apartment is a studio with one bath. The garage apartment is 1 bedroom, 1 bath with a living room and kitchen (1 car garage included with this rental). All apts except studio have hardwood floors with inlay (There is carpet over wood floors in garage apt). There are two additional parking spaces behind the main building and two storage units on the property. The main building apartments and garage apartments all have central heating and air and the studioapartment has a wall unit. There are 3 electric meters (Downstairs 2 bedroom and studio apartment share 1). Tenants pay percentage of water bill as follows - 2 bedrooms - 35%, garage apt 20%, studio apt 10%. Please see documents for information on income and expenses. The 2 bedroom and garage apartments have upward potential for rental rates based on the current market. Tenants require 48 hours notice and I will schedule for as many apartments as I can for initial showing but will at least make sure the upstairs or downstairs apartment in the main building is available. Listing agent must be present for showings and all prospective buyers must be preapproved prior to in-person showings. Due to COVID-19 concerns, tenants respectfully request that buyers wear masks and gloves for showings and only decision makers attend the showings. Property is to be sold "As Is". Buyer to verify square footage

Listing courtesy of FRED MILLER GROUP, INC..

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