1202 1ST Street S, Jacksonville Beach, FL 32250

$1,500,000

1202 1ST Street S
Jacksonville Beach, FL 32250
MLS# 1218123
Status: Closed
5 beds | 5 baths

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Property Description
Tap into coastal investing at its finest with this cash-flowing ocean-view multifamily property in Jacksonville Beach! This is a unique opportunity to own a turnkey investment property with significant rental income of nearly $170k annually as a short-term rental. A total of 3 fully-furnished units featuring immaculate living areas, updated kitchens/baths, and masterful design. The property has been well-maintained with interior renovations, enhancing its rental appeal and making it a sought-after destination. Amenities include balconies with breathtaking ocean-views, in-unit laundry, oversized off-street parking, and fenced outdoor space perfect for entertaining. Walking distance to endless shops, bars, restaurants, and beach attractions. A must have addition to any portfolio.

Details

Maps

Documents

Contract Information

Current Price: $1,500,000

Sold Price: $1,500,000

Status: Closed

Listing Contract Date: 2023-03-21

Property Sub Type: Triplex

Location Tax and Legal

Street Number: 1202

Street Name: 1ST

Street Suffix: Street

Street Direction Suffix: S

County: Duval

State: FL

Postal Code: 32250

Subdivision Name: Pablo Beach South

MLS Area Major: 212-Jacksonville Beach-SE

General Property Information

Number Of Units Total: 3

Bedrooms Total: 5

Bathrooms Total: 5

Bathrooms Full: 3

Bathrooms Half: 2

Living Area: 2624

Living Area Source: Public Records

Year Built: 1983

Carport Spaces: 3

Pool Private YN: No

Water Body Access YN: No

Waterfront YN: No

Furnished: Furnished

Stories Total: 3

Stories: 3

Directions: In Jacksonville Beach from A1A to 12th Ave S. East to end of street. Property is on the right hand side at corner of 1st St S and 12th Ave S.

Public Remarks: Tap into coastal investing at its finest with this cash-flowing ocean-view multifamily property in Jacksonville Beach! This is a unique opportunity to own a turnkey investment property with significant rental income of nearly $170k annually as a short-term rental. A total of 3 fully-furnished units featuring immaculate living areas, updated kitchens/baths, and masterful design. The property has been well-maintained with interior renovations, enhancing its rental appeal and making it a sought-after destination. Amenities include balconies with breathtaking ocean-views, in-unit laundry, oversized off-street parking, and fenced outdoor space perfect for entertaining. Walking distance to endless shops, bars, restaurants, and beach attractions. A must have addition to any portfolio.

List Price/SqFt: 609.76

Sold Price/SqFt: 571.65

Status Change Information

Major Change Timestamp: 2023-06-09T13:36:55Z

Major Change Type: Status Change

Purchase Contract Date: 2023-05-03

Close Date: 2023-06-08

Close Price: 1500000

Historical Information

Public Historical Remarks 1: # 1 Bedroom Units: 1, Possible Financing-1031 Exchange: Y, Number of Buildings: 1 Building

Public Historical Remarks 2: Annual Rent: 169279.00, # 2 Bedroom Units: 2

Public Historical Remarks 3: Current Zoning: JRM-2