38 E 16th Street, Jacksonville, FL 32206
- Beds
- 7
- Baths
- 4
- Sqft
- 3,468
View property features, location on map, relevant school information and overview from seller's agent.
- 2
- 0
Overview
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
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 2
- Number of bedrooms
- 7
- Number of bathrooms
- 4
- Square feet
- 3,468
- Lot size (acres)
- 0.12
- Year built
- 1929
Utilities
- Heating
- Central
- Cooling
- Central air
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount (2024)
- $5,933.46
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: realMLS (Northeast Florida Multiple Listing Service) MLS®#: 2086660 Last checked: …
