New Listing - 06/20/2024
1724 COPELAND Street, Jacksonville, FL, 32204
6 beds
5 Full baths
1924
3,586 sqft
Property Highlights: 5-unit property well located in the highly desirable Historic Riverside neighborhood of Jacksonville, FL. Property consists of 4 one-bedroom units and a detached two-story two bedroom unit. All units have central HVAC and select units have in-unit washer/dryer (shared laundry on-site for remaining units). Extremely high barrier of entry to new supply in the submarket. Units that were previously operating as furnished rentals and are currently being kept vacant (3), along with in-place leases nearing expiration (2), allowing new ownership immediate optionality in operations and tenant placement. Potential opportunity to enhance revenue through furnished and shortterm rentals, which are popular in Riverside due to local employment drivers (St Vincent's, Downtown, Brooklyn) and local points of interest. Average Pro Forma Market Rent: $1,550 Surrounding Area Highlights: Excellent demographics - average household income of $100,298 and average home $513,581 Jacksonville FL ranked #1 for 2021-2022 and 2022-2023 domestic net migration % (U.S. Census Bureau). Conveniently located 1-minute from Ascension St. Vincent's Riverside (0.4 Mi), 2-minutes from Historic Five Points Entertainment District (.3 Mi), 5-minutes from the Shoppes of Avondale (1.7 Mi), and 5-minutes from Downtown Jacksonville and Gateway JAX mixed-use development (2.1 Mi). Major Nearby Retailers Include Publix Supermarket (.2 Mi), Starbucks (.3 Mi), Walgreens (0.8 Mi), and the upcoming Whole Foods in Brooklyn (1.5 Mi)
Status:
Active
Type:
Single-family residential
Units:
5
Subdivision:
Riverside
Heating:
Central
Cooling:
Central Air
Parking:
Off Street, On Street
Acreage:
0.16
Est. Taxes:
$10,327
Current Use
Multi-Family
Utilities
Cable Available, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Lot Description:
Corner Lot
Pool:
None
MLS #:
2032604
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of SEVEN BRIDGES REALTY GROUP LLC