Harris Realty Partners LLC
Ron Harris, Harris Realty Partners LLCPhone: (404) 831-2111
Email: [email protected]
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listing
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Residential IncomeFor Sale
$591,000
2050 Dellwood Avenue
Jacksonville, FL 32204
Listed by: Seven Bridges Realty Group LLC, 904-465-1663
MLS: RealMLS
1Beds
3,114Sq Ft
Est. Mortgage
$3,151/mo

***PRICE REDUCTION***Discover a prime investment opportunity with this 100% occupied 4-UNIT property in Historic Riverside, featuring a desirable unit mix of three 1/1's and one 2/1. Current avg rents are substantially below market with average in-place rents of $935 per unit. There is significant potential to increase rents to market by renovating interiors with modern finishes and in-unit washer/dryers (the 2/1 has existing washer/dryer hookups). The roof was replaced in 2019. All utilities are submetered. Tenants will appreciate the off-street parking in the of the building, enhancing convenience and security. The property is within walking distance to Five Points and Riverside Park. It is also a short drive to Brooklyn, downtown, and San Marco, providing easy access to many area attractions. This property provides an excellent opportunity for a variety of investor types. An owner occupant could utilize Fannie Mae's 5% down program for multifamily properties. An investor could enhance revenue through furnished and short-term rentals, which are popular in the area due to local employment drivers (St Vincent's, Downtown, Brooklyn) and local points of interest (Shoppes of Avondale, Five Points).

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Information courtesy of SEVEN BRIDGES REALTY GROUP LLC is subject to verification and is not guaranteed. This data is up-to-date as of 11/01/2024 12:22 AM. For the most current information, contact SEVEN BRIDGES REALTY GROUP LLC at 904-404-9184. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than SEVEN BRIDGES REALTY GROUP LLC are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Copyright 2024 Northeast Multiple Listing Service, Inc. All rights reserved.
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