Riverside/Avondale Multifamily Investment Opportunity

1257 MCDUFF S Avenue, Jacksonville, FL 32205

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For Sale

$1,495,000

Two six-unit properties in Riverside/Avondale with significant rental upside.

Type:Commercial/Industrial

Property size:

7,632 SF

Lot size:

0.39 Acres

Price / SF:

$195/SF

HighLights

Significant rental income upside with rents currently $3,500-$4,000/month below market.
Two properties totaling 12 units in the desirable Riverside/Avondale submarket.
Enjoy a 100% occupancy rate.
Over $200K in CAPEX improvements since 2021, including kitchen/bath, flooring, plumbing, and electrical upgrades.
Ample off‑street parking with distinct spaces, bonus carports, and storage units.
Re‑roof completed in 2019.

We can help!

Listing Contact

SIMON GARWOOD

For Sale

$1,495,000

Two six-unit properties in Riverside/Avondale with significant rental upside.

Type:Commercial/Industrial

Property size:

7,632 SF

Lot size:

0.39 Acres

Price / SF:

$195/SF

Added:: Sep 1, 2024
Days on Market:: 650
Last Refresh:: May 20 at 12:04 am

Property Features for 1257 MCDUFF S Avenue

General Information

Standard status: Active
Size: 7,632 SF
Lot size: 0.39 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1929

We can help!

Listing Contact

SIMON GARWOOD

Listing agent SIMON GARWOOD License #3180526

Listing office WARREN & COMPANY

Listing date Sep 1, 2024

Source Exitrealty

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All listing content including descriptions, pricing, images are the copyrighted material of WARREN & COMPANY

HighLights

Significant rental income upside with rents currently $3,500-$4,000/month below market.
Two properties totaling 12 units in the desirable Riverside/Avondale submarket.
Enjoy a 100% occupancy rate.
Over $200K in CAPEX improvements since 2021, including kitchen/bath, flooring, plumbing, and electrical upgrades.
Ample off‑street parking with distinct spaces, bonus carports, and storage units.
Re‑roof completed in 2019.

Overview

This investment opportunity features two six-unit properties located in the Riverside/Avondale submarket, specifically at 1257 & 1267 McDuff. Each property comprises six units, configured as a quadruplex with a detached duplex, with all units offering a 1/1 layout. The properties are currently 100% occupied. There is a significant opportunity to increase rents, as the current gross rent is $3,500-$4,000 per month below market rates. The property includes a large, off-street parking lot with designated parking spaces, as well as bonus carports and storage units. Since 2021, over $200,000 has been invested in extensive capital improvements, including upgrades to kitchens and bathrooms, flooring, plumbing, and electrical systems. Additional improvements include new fencing, landscaping, and an outdoor grilling pit. The roof was replaced in 2019. Riverside/Avondale is known for its high tenant quality and is a sought-after location for apartment seekers in Jacksonville. The property size is 7632 square feet. This listing includes both properties.

Property Profile Location Intelligence

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Apartment buildings

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Location Insight

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Local Demand

City: Jacksonville
County: Duval
State: Florida
Longitude: -81.7019
Latitude: 30.3068

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For sale
Apartment buildings
FL
Jacksonville
32205
1257 MCDUFF S Avenue

What type of property is this?

Apartment building - Two six-unit properties in Riverside/Avondale with significant rental upside.

Where is this apartment building located?

The property is located at 1257 MCDUFF S Avenue Jacksonville, FL.

What is the asking price?

The asking price for this property is $1,495,000.

What are key features of this property?

This property features: Significant rental income upside with rents currently $3,500-$4,000/month below market.; Two properties totaling 12 units in the desirable Riverside/Avondale submarket.; Enjoy a 100% occupancy rate.