1301 2Nd Ave, Jacksonville Beach, FL 32250
- Commercial real estate
- 4,030 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1301 2Nd Ave
- Year built
- 1975
- Property type
- Commercial real estate
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 28, 2025 | $1,850,000 | Ero Sunday | 1301 2nd St N LLC | Warranty Deed | — |
| Oct 10, 2022 | $1,725,000 | 1301 2nd St N LLC | Lunar Tide Enterprises II LLC | Warranty Deed | $1.6M · Lunar Tide Enterprises II LLC |
| Oct 10, 2022 | — | Lunar Tide Enterprises II LLC | Lunar Tide Enterprises LLC | Deed · related | — |
| Mar 13, 2017 | $951,000 | Lunar Tide Ents LLC | Fjh Holdings LLC | Warranty Deed | — |
Description
This exceptional four-unit apartment building, located at 1301 2nd St N in Jacksonville Beach, Florida (zip code 32250), presents a compelling investment opportunity. Built in 1975 and extensively renovated in 2023, this two-story building boasts a total of 4,030 square feet and offers a compelling price per square foot of $492.56. Each of the four units features a desirable townhouse layout, including two bedrooms, one and a half bathrooms, and a private patio. Residents enjoy the convenience of in-unit laundry facilities and dedicated off-street parking. The property benefits from a new roof installed in 2020. Currently operating as a profitable short-term rental, this property is ideally suited for investors seeking a turnkey solution for either short-term or long-term rental income. The asking price is $1,985,000, representing a price per unit of $496,250 and a pro-forma cap rate of 4.70% with a pro-forma NOI of $93,360. Its prime location, just one block from Jacksonville Beach, ensures high occupancy rates and strong rental demand. This stabilized investment property offers a rare blend of location, updated amenities, and proven income generation, making it an attractive option for discerning investors.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jacksonville Beach
- County
- Duval
- State
- Florida
- Longitude
- -81.3929594
- Latitude
- 30.3007313
