Home + Investment opportunity in HOT, HOT San Marco just a block to Jim Rink Park on the St. Johns River. Tri-plex with potential rental Income of $46,000 per year or live in one and rent the other two out. Updated units with plenty of onsite parking, each separately metered for power, huge, fenced courtyard/common area, on an alley with a full maintenance shop on the premises. Come see for yourself but be prepared to make your offer because you will not be disappointed. Broker related to seller. Just a block to the St. Johns River. Now for sale are 3 prestigious addresses within the heart & rich history of glorious San Marco. The 3 addresses of this hidden gem are: 917, 919 and 921 Cedar Street, Jacksonville, FL 32207. The owner's residence is the upper duplex unit, #917, which is a large 2-bedroom, 1 bath ( bath remodeled to include a jet tub, designer tile, flooring and sink) with an office/bonus room, an updated eat in kitchen, a newer appliance package, beautiful original hard wood flooring, a full size washer & dryer, and a newer HVAC & HWH.. It also has it's own large exterior deck and is 1,012 total sq. ft with a current market rental rate of $1,285.00 per month. The lower duplex unit is #919. It is a larger 3-bedroom, 1 bath also with a full exterior deck and a huge front deck as well. It has a large kitchen, full size washer/dryer hook ups, newer HVAC & HWH. The total square feet of this unit is 1,202 and the current market rental rate is $1,350.00 per month. The detached second floor apartment is #921, This one is a 1 bedroom, 1 bath on an alley providing private parking with a patio/play area that is exclusive to this unit. It includes a full-size washer & dryer, newer appliance package and has two window/wall a/c units. It is. 636 sq. ft. with a current market rental rate of $900.00 per month. All units have newer hot water heaters, separate electrical meters, ample, off street parking & beautifully maintained fully fenced common areas. This property includes it's own maintenance shop that could potentially be turned into another rental? The current annual rent is $23,400.00 ( the owners suite is currently non income producing, as owner lives on-site). The potential annual market rent is $42,600.00. The property has always been 100% occupied. The proximity to the St. Johns River, a major medical hub to include MD Anderson, Nemours, large employers based in downtown Jacksonville like Prudential, Florida Blue, Fidelity, Acosta, Winn-Dixie, CSX, 14 different green spaces/ parks, museums & theaters, festivals and open air markets, makes this location ideal for live, work & play. San Marco is nationally known for it's shopping, restaurants, excellent schools and abundant night life with a very high walk score of 78. The new construction (happening now and new building permits) of shopping, new homes, condominiums, and luxury rental communities abound in San Marco and can be commended for successfully syncing the original "old character" with a brand new exciting "vibe", a perfect recipe for potentially keeping property values on a steady incline for years to come. The property & location will not disappoint the seasoned investor but should be of particular interest to the 1st time investor because it is easy to manage, has low expenses, is FHA qualified with great income potential. DON'T MISS the Open House coming soon July 1 through the 6th at varied times TBD.
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