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$ 599,000
Est. payment /mo
Price Dropped by $90K
1521 Mcduff Ave Jacksonville, FL 32205
4 Baths
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multifamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260510
Full Baths 4
HOA Y/N No
Year Built 1942
Annual Tax Amount $13,280
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Multifamily
Property Description
Located in Riverside's historic district, 1512 McDuff Avenue is a four-unit multifamily investment offering immediate income with meaningful value-add potential. The two-story brick building, built in 1942, features four leased units, providing stable in-place cash flow while allowing upside through renovation and repositioning. The property offers approximately 3,670 square feet of effective interior space, including common areas, and is zoned RMD-B, supporting continued multifamily use. Units are between 820 - 862 sq ft approximately. Each unit includes a functional layout with galley-style kitchens and modern bathrooms, along with a mix of wood and. carpeted flooring. While the property is well maintained, the highest and best use is to enhance and modernize to better align with the surrounding Riverside market, where upgraded multifamily properties command premium rents. Surrounded by high-end homes, popular restaurants, and established businesses, this asset represents a strong opportunity for investors seeking long-term growth in one of Jacksonville's most desirable neighborhoods. Leases: Unit 1 - $1,200 pm, month-to-month Unit 2 - $1,200 pm, month-to-month Unit 3 - $1,200 pm, month-to-month Unit 4 - $1,200 pm, month-to-month Lease documents do not reflect the current rent amounts listed here. Financials and rent rolls are not available. Leases and expenses are available on request. Electricity is individually metered, water & sewer master-metered. HVAC in unit 1 & 2 replaced in 2020. Condenser and air handler replaced in unit 1 and 4 in 2005. Plumbing re-pipe unit 4 in 1998. Also refer to the documents attached to the listing.
Location
State FL
County Duval
Area 18 - Duval County
Exterior
Water Access Desc No
Building
Story 2
Level or Stories 2
Listed by Great Expectations Realty