1202 1ST Street S, Jacksonville Beach, FL 32250
$1,500,000
Property Type:
Residential Income
Bedrooms:
5
Baths:
5
Square Footage:
2,624
Status:
Closed
Current Price:
$1,500,000
List Date:
3/22/2023
Last Modified:
2/22/2025
Description
Tap into coastal investing at its finest with this cash-flowing ocean-view multifamily property in Jacksonville Beach! This is a unique opportunity to own a turnkey investment property with significant rental income of nearly $170k annually as a short-term rental. A total of 3 fully-furnished units featuring immaculate living areas, updated kitchens/baths, and masterful design. The property has been well-maintained with interior renovations, enhancing its rental appeal and making it a sought-after destination. Amenities include balconies with breathtaking ocean-views, in-unit laundry, oversized off-street parking, and fenced outdoor space perfect for entertaining. Walking distance to endless shops, bars, restaurants, and beach attractions. A must have addition to any portfolio.
More Information MLS# 1218123
Contract Information
Current Price: $1,500,000
Sold Price: $1,500,000
Status: Closed
Listing Contract Date: 2023-03-21
Property Sub Type: Triplex
Location Tax and Legal
Street Number: 1202
Street Name: 1ST
Street Suffix: Street
Street Direction Suffix: S
County: Duval
State: FL
Postal Code: 32250
Subdivision Name: Pablo Beach South
MLS Area Major: 212-Jacksonville Beach-SE
General Property Information
Number Of Units Total: 3
Bedrooms Total: 5
Bathrooms Total: 5
Bathrooms Full: 3
Bathrooms Half: 2
Living Area: 2624
Living Area Source: Public Records
Year Built: 1983
Carport Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Furnished
Stories Total: 3
Stories: 3
Directions: In Jacksonville Beach from A1A to 12th Ave S. East to end of street. Property is on the right hand side at corner of 1st St S and 12th Ave S.
Public Remarks: Tap into coastal investing at its finest with this cash-flowing ocean-view multifamily property in Jacksonville Beach! This is a unique opportunity to own a turnkey investment property with significant rental income of nearly $170k annually as a short-term rental. A total of 3 fully-furnished units featuring immaculate living areas, updated kitchens/baths, and masterful design. The property has been well-maintained with interior renovations, enhancing its rental appeal and making it a sought-after destination. Amenities include balconies with breathtaking ocean-views, in-unit laundry, oversized off-street parking, and fenced outdoor space perfect for entertaining. Walking distance to endless shops, bars, restaurants, and beach attractions. A must have addition to any portfolio.
List Price/SqFt: 609.76
Sold Price/SqFt: 571.65
Status Change Information
Major Change Timestamp: 2023-06-09T13:36:55Z
Major Change Type: Status Change
Purchase Contract Date: 2023-05-03
Close Date: 2023-06-08
Close Price: 1500000
Historical Information
Public Historical Remarks 1: # 1 Bedroom Units: 1, Possible Financing-1031 Exchange: Y, Number of Buildings: 1 Building
Public Historical Remarks 2: Annual Rent: 169279.00, # 2 Bedroom Units: 2
Public Historical Remarks 3: Current Zoning: JRM-2
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer
Construction Materials: Shell Dash
Cooling: Central Air; Wall/Window Unit(s)
Heating: Central
Listing Terms: Cash; Conventional; VA Loan
Parking Features: Parking Lot
Pool Features: None
Possession: Negotiable
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
View: Ocean
Water Source: Public
Documents
1202 1st St S - 2022 P&L Report ›Listing Office: NOMAD REALTY
Last Updated: February - 22 - 2025
Information deemed reliable but not guaranteed.