1616-1624 FIRST Street, Neptune Beach, FL 32266
$1,755,000
Property Type:
Residential Income
Bedrooms:
8
Baths:
8
Square Footage:
4,224
Status:
Closed
Current Price:
$1,755,000
List Date:
7/01/2022
Last Modified:
2/16/2025
Description
Great investor opportunity in prime Neptune Beach location on desirable First Street. East of A1A - only steps to the beach and close to Town Center. 2 duplexes sitting on separate lots totaling 94' front feet on First by 134' deep. North building is 1616 & 1618 First St. Southern building is 1622 & 1624 First St. Only sold as a package. Fully leased for $9,100 total per month. Each unit has private backyard and front patio area. 1 bed / bath upstairs and 1 bed / bath down in each unit. Roof replaced in 2019. Ample off-street parking for all tenants.
More Information MLS# 1178880
Contract Information
Current Price: $1,755,000
Sold Price: $1,755,000
Status: Closed
Listing Contract Date: 2022-07-01
Property Sub Type: Duplex
Location Tax and Legal
Street Number: 1616-1624
Street Name: FIRST
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32266
Subdivision Name: Neptune Beach
MLS Area Major: 221-Neptune Beach-East
General Property Information
Number Of Units Total: 4
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 8
Living Area: 4224
Living Area Source: Public Records
Year Built: 1971
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Stories: 2
Directions: A1A N to East on Lora. Left on First St and properties will be on your left.
Public Remarks: Great investor opportunity in prime Neptune Beach location on desirable First Street. East of A1A - only steps to the beach and close to Town Center. 2 duplexes sitting on separate lots totaling 94' front feet on First by 134' deep. North building is 1616 & 1618 First St. Southern building is 1622 & 1624 First St. Only sold as a package. Fully leased for $9,100 total per month. Each unit has private backyard and front patio area. 1 bed / bath upstairs and 1 bed / bath down in each unit. Roof replaced in 2019. Ample off-street parking for all tenants.
List Price/SqFt: 423.77
Sold Price/SqFt: 415.48
Status Change Information
Major Change Timestamp: 2023-11-20T12:33:53Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-09-22T12:31:07Z
Purchase Contract Date: 2022-10-03
Close Date: 2022-10-14
Close Price: 1755000
Historical Information
Public Historical Remarks 1: Number of Buildings: 2 Buildings, Present Rental Terms: Year, Two Bedroom Rentals: Over $1500/Month
Public Historical Remarks 2: # 2 Bedroom Units: 4, Vaultd/Cathedrl Ceiling: Y, Split Bedroom: Y, Present Tenant Exp: All Electric
Property Features
Appliances: Dishwasher; Disposal; Electric Oven; Electric Range; Electric Water Heater; Refrigerator
Construction Materials: Frame
Cooling: Central Air
Heating: Central
Laundry Features: Electric Dryer Hookup; Washer Hookup
Listing Terms: Cash; Conventional
Pool Features: None
Possession: Other
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
Water Source: Public
Listing Office: RE/MAX SPECIALISTS PV
Last Updated: February - 16 - 2025
Information deemed reliable but not guaranteed.