1103 CHERRY ST, JACKSONVILLE, FL 32205 (MLS# 923481)

MLS# 923481
8 beds  |  8 baths  |  6096 sqft

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Property Description
One of a kind investment opportunity in Riverside/Avondale! These 2 beautiful brick quadriplex buildings, 1103 & 1109 Cherry Street, are extremely well maintained, fully occupied, have brand new roofs, screens & paint. Each unit is a spacious 1 bedroom, 1 bath unit w/ beautiful hardwood floors, crown moulding, unique built-ins, vintage tile work, dining room & very spacious living room. Current rents are $800/mo but upgrades would allow for $950+! Appraisal values each building as-is at $500.000 & $1,000,000 total. Corner lot with lots of green space. 8 designated parking spaces & ample street parking. Always 100% occupied due to their pristine condition, historic charm & high-demand location near Five Points, King Street District & Shoppes of Avondale.

Listing Information
Annual Rent: 76800  

Location, School & Taxes
Country: USA  

Property Description
Total # of units: 8 Current Zoning: RMD
Historic Area: Y Waterfront Y/N: N
Navgble to Ocean Y/N: N Appx. Lot Dimensions: 50 x 125
Approx. Heated SqFt: 6096  

Directions and Remarks
Directions: From downtown Jacksonville, take exit to merge onto US17/Roosevelt Blvd. Turn left on McDuff Ave. S. Turn left on Remington St. The destination will be on your left.  

# Stories: 2  

Unit Info
Total # Units: 8 # 1 Bedroom Units: 8

Annual Fees & Income
Occupancy Rate: 100 Annual Property Tax: 9700
Annual Operating Exp: 45708  

Property Features
Type: Four-Plex; Multi Units
Number of Units: 5 - 10 Units
Number of Buildings: 2 Buildings
Building Stories: 2 Stories
Square Foot Source: Tax Roll
Major Appliances: Range - Electric; Refrigerator
Amenities: Built-in Bookshelves; Wood Floors
Type of Heating: Central Heating
Type of Cooling: Central Cooling
Water Heater: Electric Water Heatr
Exterior Wall: Brick
Roof: Shingle
Pool: No Pool
Parking Facilities: On-Street Parking; 1 Space P/Unit
One Bdrm Rentals: Over $600/Month
Present Rental Terms: Month to Month; Year
Rental Includes: Refrigerator; Range/Oven
Svcs Incl in Rent: Water
Lot Description/View: Regular Lot
Lot Location: Historic Area
Restrictions: No Pets
Present Tenant Exp: All Electric; Security Deposit
Road Frontage: City Street
Road Surface: Asphalt Road
Possible Financing: Cash; Conventional; FHA; VA
Documents on File: Photos on File
Occupancy: Tenant Occp Lease
Export Options: Publish Address


Last Updated: June - 08 - 2018

Information deemed reliable but not guaranteed.

Thursday 16th of August 2018 05:03 AM

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