38 E 16TH ST Active Save Request In-Person Tour Request Virtual Tour
Jacksonville,FL 32206
Key Details
Property Type Multi-Family, Condo
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,468 sqft
Price per Sqft $151
Subdivision Springfield
MLS Listing ID 2086660
Bedrooms 7
Full Baths 4
Year Built 1929
Annual Tax Amount $5,933
Lot Size 5,227 Sqft
Property Sub-Type Quadruplex
Property Description
Fully renovated 4-unit property in the heart of Springfield. Three units are operating as successful Airbnbs, each bringing in $1,600-$1,700/month. The fourth unit is rented at $950/month on a month-to-month lease. Total monthly income: ~$5,900 with potential to increase.
Each unit is separately metered for electric; owner pays water. All units have updated kitchens, bathrooms, HVACs, and modern finishes. Laundry on-site. Street parking available. Located minutes from Downtown, Main Street, and UF Health.
Investment Highlights:
List Price: $525,000
Gross Monthly Income: ~$5,900
Gross Annual Income: ~$70,800
Estimated Annual Expenses (taxes, insurance, water, maintenance): ~$13,100
Estimated Net Operating Income (NOI): ~$57,700
Estimated Cap Rate: ~11%
Perfect for investors looking for a performing asset with upside. Property is fully occupied and generating income from day one.
Location
State FL
County Duval
Community Springfield
Area 076-Downtown Jacksonville-Eastside
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Exterior
Exterior Feature Balcony
Parking Features On Street
Utilities Available Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Building
Lot Description Historic Area
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan