15 16TH Avenue N, Jacksonville Beach, FL 32250

$3,900,000

15 16TH Avenue N
Jacksonville Beach, FL 32250
MLS# 1212426
Status: Closed
11 beds | 7 baths

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Property Description
Experience the ultimate coastal lifestyle with this stunning oceanfront multifamily property in Jacksonville Beach! This is a rare opportunity to own a luxurious turnkey investment property with exceptional rental income of nearly $500k annually as a short-term rental. A total of 11 bedrooms & 7 bathrooms across 5 fully-furnished units featuring spacious living areas, modern kitchens/baths, and high-end furnishings. The property has been well-maintained with a clean and attractive exterior, enhancing its curb appeal and making it a sought-after destination. Amenities include balconies with breathtaking ocean views, in-unit laundry, tankless water heater, outdoor shower, ample parking with EV charger, and fenced outdoor space perfect for entertaining. A flagship property for any portfolio.

Details

Maps

Documents

Contract Information

Current Price: $3,900,000

Sold Price: $3,900,000

Status: Closed

Listing Contract Date: 2023-02-11

Location Tax and Legal

Street Number: 15

Street Name: 16TH

Street Suffix: Avenue

Street Direction Suffix: N

County: Duval

State: FL

Postal Code: 32250

Subdivision Name: Pablo Beach North

MLS Area Major: 211-Jacksonville Beach-NE

General Property Information

Number Of Units Total: 5

Bedrooms Total: 11

Bathrooms Total: 7

Bathrooms Full: 7

Living Area: 4066

Living Area Source: Public Records

Year Built: 1945

Pool Private YN: No

Water Body Access YN: No

Waterfront YN: Yes

Furnished: Furnished

Stories Total: 2

Stories: 2

Directions: From A1A, turn east onto 16th Ave N. Property is oceanfront, located on the left, adjacent to the public beach access & parking.

Public Remarks: Experience the ultimate coastal lifestyle with this stunning oceanfront multifamily property in Jacksonville Beach! This is a rare opportunity to own a luxurious turnkey investment property with exceptional rental income of nearly $500k annually as a short-term rental. A total of 11 bedrooms & 7 bathrooms across 5 fully-furnished units featuring spacious living areas, modern kitchens/baths, and high-end furnishings. The property has been well-maintained with a clean and attractive exterior, enhancing its curb appeal and making it a sought-after destination. Amenities include balconies with breathtaking ocean views, in-unit laundry, tankless water heater, outdoor shower, ample parking with EV charger, and fenced outdoor space perfect for entertaining. A flagship property for any portfolio.

List Price/SqFt: 982.54

Sold Price/SqFt: 959.17

Status Change Information

Major Change Timestamp: 2023-07-19T22:02:43Z

Major Change Type: Status Change

Purchase Contract Date: 2023-06-16

Close Date: 2023-07-19

Close Price: 3900000

Historical Information

Public Historical Remarks 1: # 3 Bedroom Units: 2, # 1 Bedroom Units: 1, Type-Multi Units: Y, French Doors: Y, Possible Financing-1031 Exchange: Y, Number of Buildings: 2 Buildings, Energy Features-Ceiling Fan(s): Y

Public Historical Remarks 2: Annual Rent: 487047.00, Number of Units-5 - 10 Units: Y, # 2 Bedroom Units: 2

Public Historical Remarks 3: Current Zoning: JRM-2

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Gas Water Heater; Microwave; Refrigerator; Washer

Construction Materials: Fiber Cement; Frame

Cooling: Central Air

Flooring: Vinyl

Heating: Central

Listing Terms: Cash; Conventional

Parking Features: Additional Parking; Other

Pool Features: None

Possession: Negotiable