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2160 FORBES Street, Jacksonville, FL, 32204 | $1,500,000
This is your chance to own a stunning piece of history in the heart of Riverside! This unique quadruplex, originally built in 1918, has been meticulously maintained for over 30 years by its current owner, a renowned building contractor specializing in historic restoration. Whether you're an investor or looking for a property to live in while generating rental income, this beautifully preserved property offers both charm and opportunity.
Property Details:
Four Spacious Units: Each unit averages 1, 575 sq. ft. , featuring 2 bedrooms, 1 bathroom, and original hardwood floors throughout.
Charming Features: Relax on the screened-in front porch attached to each unit, perfect for enjoying Riverside's ambiance.
Modern Convenience: Each unit includes private washer/dryer hookups, adding comfort and practicality for tenants.
Outdoor Space: The backyard offers a patio area ideal for outdoor gatherings, complemented by covered parking for one car per unit and additional street parking.
Recent Upgrades and Improvements:
This historic property has been thoughtfully updated to ensure long-term functionality and value while preserving its vintage charm:
New Roof: Installed in March 2022 for lasting durability and peace of mind.
Electrical System: Comprehensive upgrades completed in May 2022, ensuring modern safety standards.
HVAC Updates: Mechanical improvements for Unit 3 completed in September 2022.
Flexible Investment Potential:
This property provides an excellent opportunity for:
Owner-Occupancy: Live in one unit and rent out the others.
Short-Term Rentals: Maximize income with Airbnb opportunities in this desirable area.
Portfolio Expansion: Add a well-maintained and income-generating asset to your rental portfolio.
Prime Location in Riverside:
Situated in the vibrant Riverside neighborhood, this property is surrounded by eclectic dining, boutique shopping, and cultural attractions. Its proximity to the St. Johns River and easy access to public transportation make it highly desirable for renters and visitors alike.
Property Highlights:
4 units, each with 2 bedrooms and 1 bathroom
Original hardwood floors and relaxing screened-in porches
Private washer/dryer hookups in every unit
Covered parking for one car per unit, plus street parking
Convenient backyard patio area
Located near Riverside's renowned amenities
Don't miss this rare opportunity to own a well-maintained, income-producing historic property in one of Jacksonville's most sought-after neighborhoods. Schedule a showing today and step into the charm and investment potential of Riverside!
Features
- Bedrooms: 8
- Baths: 4 full
- Units: 4
- Laundry: Electric Dryer Hookup, Washer Hookup
- Year Built: 1918
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 5,902
- Acreage: 0.26
- Est. Taxes: $18,908
- Lot Desc: Historic Area
- Elem. School: West Riverside
- Middle School: Lake Shore
- High School: Riverside
- Appliances: Dishwasher, Electric Range, Refrigerator
- MLS#: 2060871
- Days on Market: 2 days
- Website: https://www.raveis.com
/prop/2060871/2160forbesstreet_jacksonville_fl?source=qrflyer
Listing courtesy of COLDWELL BANKER VANGUARD REALTY
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2160 FORBES Street, Jacksonville, FL, 32204
$1,500,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
| Monthly Tax Payment | $1,576 | $1,576 | $1,576 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,783 | $7,585 | $10,453 |
| Total Monthly Payment | $9,484 | $9,286 | $12,154 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388