647 Pippin St Jacksonville, FL 32206

Property Details for 647 Pippin St

Property type

Small apartment buildings

Description

Attention investors! This exceptional opportunity presents a four-unit quadruplex ideally situated in Jacksonville's burgeoning Eastside district, conveniently located just north of the soon-to-be-developed Jaguar stadium. The property comprises four generously sized apartments, each boasting two bedrooms and one bathroom, spanning approximately 875 square feet. Each unit includes convenient washer and dryer hookups. All four apartments have undergone recent interior renovations, ensuring modern appeal and functionality. Currently, each unit commands a monthly rent of $850, generating substantial cash flow with long-term tenants in place. Market analysis indicates a significant rental upside, with comparable units leasing for over $1,000 per month. This presents a compelling opportunity to increase rental income and maximize return on investment. Furthermore, this prime location benefits from attractive tax advantages, including exceptionally low property taxes, reported at under $700 annually in 2023. This exceptional investment property offers a rare blend of strong cash flow, significant upside potential, and a desirable location poised for continued growth. Don't miss this chance to secure a profitable addition to your investment portfolio. The property is offered at $415,000.