817 CEDAR STREET JACKSONVILLE FL 32207 MLS #O6191607

817 CEDAR STREET
JACKSONVILLE, FL, 32207
$695,000
5 Beds
3 Baths
1,974 SqFt
0.1 Acres
$695,000
817 CEDAR STREET
JACKSONVILLE, FL, 32207
Prime Investment Opportunity in San Marco. New roof as of March 2024.

Rarely available and brimming with charm, this unique 1939 triplex is ideally situated in the heart of San Marco, just a block from the serene St. John’s River and a stone’s throw from Jim Rink Park. This well-maintained multi-unit property offers excellent cash flow opportunities, and it’s just a couple blocks from Baptist MD Anderson, local hospitals, and the vibrant dining and nightlife of San Marco.

The property comprises two well-maintained 2-bedroom, 1-bathroom units in a duplex, both with modern finishes and appliances updated in 2020. The lower duplex unit, currently leased at $1,650/month on a month-to-month basis to a tenant that’s been in the unit for over a year, offers 987 square feet of comfortable living space. The upper unit, also 987 square feet, is currently rented month-to-month to a tenant that’s been in the unit for 3 years at a below-market rate of $1,295/month, offering the potential for increased rental income.

Nestled above the 3-car garage is a quaint, furnished 1-bedroom, 1-bathroom apartment, boasting 690 square feet of living space with beautifully refurbished hardwood floors. This unit is perfect for short-term rentals, currently generating $1,300/month.

All tenants have access to shared laundry facilities in the garage and a communal patio space for relaxation and entertainment.

Invest in the vibrant neighborhood of San Marco, with this property’s delightful blend of history, charm, and income-generating potential. Contact us for more information or to arrange a viewing of this exceptional investment opportunity today!

Property Details

Price:
$695,000
MLS #:
O6191607
Status:
Active
Beds:
5
Baths:
3
Address:
817 CEDAR STREET
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
PHILLIPS ADD TO PALM PARK
City:
JACKSONVILLE
Listed Date:
Apr 2, 2024
State:
FL
Finished Sq Ft:
1,974
ZIP:
32207
Lot Size:
4,494 sqft / 0.10 acres (approx)
Year Built:
1939

Schools

Interior

Appliances
Convection Oven, Cooktop, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Bathrooms
3 Full Bathrooms
Cooling
Central Air, Wall/ Window Unit(s)
Flooring
Laminate, Hardwood
Heating
Electric
Laundry Features
In Garage

Exterior

Architectural Style
Colonial
Construction Materials
Brick
Exterior Features
Sidewalk
Parking Features
Alley Access, Garage Faces Rear, Off Street
Roof
Shingle

Financial

Buyer Agent Compensation
2%%
Tax Year
2023
Taxes
$9,417
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817 CEDAR STREET
JACKSONVILLE, FL