Sold

Closed

3551 POST Street

Jacksonville FL, 32205

$449,000


$150.22 per sqft

Sold

Closed

4 Beds

2,989 sqft

Multi-family

Built in 1947

Discover a prime investment opportunity with this 4-UNIT property in Murray Hill, featuring three 1BR/1BA units and one 2BR/1BA unit. Unit #3 is currently being held vacant to facilitate tours. Current average rent is $948/unit. Most tenants are currently month-to-month, giving the new owner optionality upon takeover. Brand new roof (July 2024). Each unit has an off-street parking space. All utilities are separately metered and paid directly by tenants, which is a rare feature for multifamily properties in the historic districts. Your tenants will love the short 10-minute walk to the restaurants on Edgewood Ave and the quick drive to Avondale (1.9 mi), Five Points (2.1 mi), Downtown (4.8 mi) and San Marco (5.8 mi). This property provides an excellent opportunity for a variety of investor types. An owner occupant could potentially utilize Fannie Mae's 5% down program for multifamily properties and live in one unit while collecting income from the others. Alternatively, 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 (Edgewood Ave, Shoppes of Avondale, Five Points).

2044234

MLS ID

August 26, 2024

Listed

December 9, 2024

Updated

Map

3551 POST Street
Jacksonville FL, 32205

Interior Features

Bedrooms

4


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.15 Acres


Lot Features

Historic Area

Other Property Details

Area Name

051-Murray Hill


Taxes

$4,785


Tax Frequency

Annually


Days on Market

65


Garage

No


Parking

Additional Parking


View

No


County

Duval


Pool

No


Pool Features

None

Listing History

Date

Event

Price

12/9/2024

Sold

$449,000

10/30/2024

Pending

10/11/2024

Price change

$449,000

-7%

9/19/2024

Price change

$479,000

-4%

Courtesy of SEVEN BRIDGES REALTY GROUP LLC

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Data last updated 5:40 PM UTC, 12/9/2024

 

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