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    1129 Grothe St Jacksonville, FL 32209

    For Sale
    $260,000

    Cash-flowing duplex in Jacksonville, Florida with recent upgrades.

    Building Details

    Year built
    1915

    Source: Mari Real Estate & Management Group, Inc Agent Jessica Paulo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Jacksonville Duplex with Income Potential

    This duplex in Jacksonville, Florida, presents an investment opportunity with a total building size of 3,770 square feet and an effective gross area of 3,274 square feet. Unit 1129, the upstairs unit, features 4 bedrooms and 2 bathrooms, encompassing approximately 1,600 square feet. It is currently rented for $1,150 per month. Unit 1131, the downstairs unit, offers 3 bedrooms and 2 bathrooms, also spanning approximately 1,600 square feet. This unit is currently vacant, with a potential market rent of $1,250 per month. The property has a monthly income potential of $2,300. Recent upgrades include a new roof installed in 2024, a new A/C unit for the downstairs unit, and updated flooring and repairs in the upstairs unit. Additional features include separate water and electric meters for each unit, washer and dryer hookups in both units, and central heating with wall units upstairs. The property is located just 15 minutes from downtown Jacksonville.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Duval
    State
    Florida
    Longitude
    -81.6724799
    Latitude
    30.343132

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    FAQs

    What type of property is this?
    Duplex - Cash-flowing duplex in Jacksonville, Florida with recent upgrades.
    Where is this duplex located?
    The property is located at 1129 Grothe St Jacksonville, FL.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: - Cash-flowing duplex with $2,300/month income potential.; - New roof (2024) and new A/C unit for downstairs unit.; - Unit 1131 vacant, offering immediate market rent potential of $1,250/month.
    (917) 709-1426
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1129 Grothe St Jacksonville, FL 32209
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