605 2Nd Ave Jacksonville Beach, FL 32250
This beautifully renovated 1962 brick colonial quadplex in Jacksonville Beach, Florida, presents a unique investment opportunity. Located just six blocks from the ocean and two blocks from Beach Boulevard, this property boasts four spacious 1,100 square foot apartments, each featuring two bedrooms, a dining room, and one bathroom. Recent extensive renovations have restored this classic building to its original grandeur while incorporating modern updates in at least one ground floor unit. Improvements include a new asphalt roof, complete exterior refurbishing, entryway restoration, a new porch, and enhanced landscaping with added drip lines to the existing irrigation system. The property sits on a 6,098.4 square foot lot and is a two-story building. The four units provide significant rental income potential, making it an ideal investment for discerning buyers. This meticulously maintained property combines classic charm with modern amenities, ensuring its enduring appeal and strong return on investment. Its prime location and recent upgrades make this a truly exceptional opportunity to own a piece of Jacksonville Beach history. The asking price is $1,795,000. Don't miss this chance to acquire a highly desirable multifamily property in a thriving coastal community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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