2160 Riverside Ave Jacksonville, FL 32204
- Land
Current Use by Public Records
- Land
Property Details for 2160 Riverside Ave
- Year built
- 1953
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional eight-unit apartment building presents a turnkey investment opportunity in the heart of Jacksonville's vibrant Riverside neighborhood. The property, built in 1953 and situated on a 10,890 square foot lot, boasts a two-story design. All eight units are completely remodeled, featuring two bedrooms and one bathroom each. High-end upgrades include quartz countertops, stainless steel Frigidaire Gallery appliances (refrigerator, stove, built-in microwave, dishwasher, and disposal), oversized 42-inch cabinetry, and Elfa closet systems. Each unit also includes a washer and dryer. The property offers covered parking and benefits from an excellent location, with a high walkability score. It's just one block from the river, Publix, Starbucks, numerous restaurants, and shopping. Downtown Jacksonville and its ongoing billion-dollar development projects are less than two miles away. The current tenant profile is excellent, with rent escalations built into new leases. The property's previous operation as an Airbnb generated gross revenue exceeding $20,000 per month, presenting a compelling additional income stream. This investment offers immediate income at closing and promises strong long-term returns. The asking price is $2,459,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Duval
- State
- Florida
- Longitude
- -81.6838
- Latitude
- 30.3103
