160 7TH Avenue N, Jacksonville Beach, FL 32250
$4,450,000
Property Type:
Residential Income
Bedrooms:
16
Baths:
16
Square Footage:
11,520
Status:
Closed
Current Price:
$4,450,000
List Date:
9/28/2021
Last Modified:
2/10/2025
Description
LOCATION! LOCATION! LOCATION! Opportunity to own a trophy property 1 block from the beach and in the Central Jacksonville Beach Entertainment District. New Margaritaville Beach Hotel is a half block walk and Casa Marina Hotel and Restaurant is a 1 block walk. The Jax Beach Pier is a 3 block walk and several bars and restaurants are also within an 8 block walk.
Built in 1994, the building is all concrete block construction including all interior walls. The floor separating the upper and lower units is Precast Tongue and Groove Concrete Floor Planks. Roof is metal making the building almost maintenance free. There are 16 identical 1 bedroom, 1 bathroom units measuring 720 square feet. Upper units have large balconies with ocean views. Lower units have large patios with planted
Supplements: areas. All units have ceramic tile floors, full sized washers and dryers, large walk in closets in the bedrooms, modern track lighting and assigned parking. Currently 100% occupied on annual leases, this property is perfectly positioned to transition to short term rentals maximizing return on investment.
More Information MLS# 1131606
Contract Information
Current Price: $4,450,000
Sold Price: $4,450,000
Status: Closed
Listing Contract Date: 2021-09-16
Location Tax and Legal
Street Number: 160
Street Name: 7TH
Street Suffix: Avenue
Street Direction Suffix: N
County: Duval
State: FL
Postal Code: 32250
Subdivision Name: Flagler Tract
MLS Area Major: 211-Jacksonville Beach-NE
General Property Information
Number Of Units Total: 16
Bedrooms Total: 16
Bathrooms Total: 16
Bathrooms Full: 16
Living Area: 11520
Living Area Source: Public Records
Year Built: 1995
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories Total: 2
Stories: 2
Directions: From Beach Blvd go north on A1A/3rd St to right on 7th Ave N. Building on the right.
Public Remarks: LOCATION! LOCATION! LOCATION! Opportunity to own a trophy property 1 block from the beach and in the Central Jacksonville Beach Entertainment District. New Margaritaville Beach Hotel is a half block walk and Casa Marina Hotel and Restaurant is a 1 block walk. The Jax Beach Pier is a 3 block walk and several bars and restaurants are also within an 8 block walk.
Built in 1994, the building is all concrete block construction including all interior walls. The floor separating the upper and lower units is Precast Tongue and Groove Concrete Floor Planks. Roof is metal making the building almost maintenance free. There are 16 identical 1 bedroom, 1 bathroom units measuring 720 square feet. Upper units have large balconies with ocean views. Lower units have large patios with planted
List Price/SqFt: 390.63
Sold Price/SqFt: 386.28
Status Change Information
Major Change Timestamp: 2022-01-21T19:50:57Z
Major Change Type: Status Change
Purchase Contract Date: 2021-09-29
Close Date: 2022-01-20
Close Price: 4450000
Historical Information
Public Historical Remarks 1: Number of Units-16 - 20 Units: Y, # 1 Bedroom Units: 16, Type-Multi Units: Y, Walk-in Closets: Y, Present Common Exp: Sewer, Number of Buildings: 1 Building, Present Rental Terms: Year, One Bedroom Rentals: Over $600/Month, Structure Slab: Y
Public Historical Remarks 2: Restrictions-Pets-No Cats: Y, Restrictions-Pet Fee (No Refund): Y, Present Tenant Exp: All Electric
Property Features
Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Electric Water Heater; Refrigerator; Washer
Construction Materials: Concrete
Cooling: Central Air
Flooring: Tile
Heating: Central
Parking Features: Assigned
Pool Features: None
Possession: Negotiable; Other
Road Surface Type: Asphalt
Roof: Metal
Sewer: Public Sewer
View: Ocean
Water Source: Public
Listing Office: MIDDLETON REALTY, INC.
Last Updated: February - 10 - 2025
Information deemed reliable but not guaranteed.