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    1103 Cherry St

    Jacksonville, FL 32205
    • $1,100,000
    • STATUS: Active
    • ON SITE: 36 days
    • MLS #: 1087445
    UPDATED: 61 min ago
    $1,100,000
    • 8
      BEDS
    • N/A
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 6,096
      SQFT
    • $180
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    Great investment opportunity in the heart of Riverside. This 8 plex- 2 separate 4 plexs- is 100% occupied with current rents ranging from $800-900 per month. Each unit is a 1BDR and 1 BTH with its own living space, kitchen and dining area. Each unit is 762 sf !! Complex has 8 designated parking spaces behind the building and there are plenty of on street spaces available. Each unit has beautiful hardwood floors - no animals are allowed. Owner is property manager and there is very little deferred maintenance. Rents have increased yearly. Additional income can be generated with an onsite laundry facility, reimbursement of water/sewer charges of tenants and renovations to kitchens. Rents in area are more than $1,000 per month for comparable units.

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    © 2021 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than CrossView Realty are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2021-01-27T20:25:39.123.

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    www.crossviewrealty.com/homes/112779583
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    1103 Cherry St Jacksonville, FL 32205

    • Price: $1,100,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 1087445
    8
    Beds
    8
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,096
    SQFT
    $180
    $/SQFT
    1940
    Built
    Neighborhood:
    New Riverside
    County:
    Duval
    Area:
    03-Riverside/Avondale/Ortega
    Property Description
    Great investment opportunity in the heart of Riverside. This 8 plex- 2 separate 4 plexs- is 100% occupied with current rents ranging from $800-900 per month. Each unit is a 1BDR and 1 BTH with its own living space, kitchen and dining area. Each unit is 762 sf !! Complex has 8 designated parking spaces behind the building and there are plenty of on street spaces available. Each unit has beautiful hardwood floors - no animals are allowed. Owner is property manager and there is very little deferred maintenance. Rents have increased yearly. Additional income can be generated with an onsite laundry facility, reimbursement of water/sewer charges of tenants and renovations to kitchens. Rents in area are more than $1,000 per month for comparable units.
    Exterior Features

    Building Stories 2 Stories Exterior Wall Brick Lot Description Regular Lot Navigable To Ocean YN No Parking Facilities Assigned ParkingOn-Street Parking Pool No Pool Road Frontage City Street Road Surface Asphalt Road Roof Shingle Waterfront YN No

    Interior Features

    Cooling Central Cooling Heating Central Heating Interior Amenities Wood Floors Major Appliances Range - ElectricRefrigerator Rental Includes Range/OvenRefrigerator Water Heater Electric Water Heatr

    Property Features

    Annual Insurance Exp 5000.00 Annual Operating Exp 3720.00 Annual Property Tax 10780.00 Buildings 2 Buildings Country Usa Current Zoning Rmd-8 Documents On File Survey On File Grs Pot Annual Rent 84240.00 Historic Area No Legal Name Of Subdiv New Riverside Lot Size .35 Acres Multifamily Type Multi Units Occupancy Tenant Occp Lease Occupancy Rate 100.00 Possible Financing CashConventional Present Tenant Exp All Electric Restrictions No Pets Square Foot Source Tax Roll Svcs Incl In Rent SewerWater Unit Info Total Units 8 Units 5 - 10 Units Utilities Sep Elect Meter(S)Sewer - PublicWater - Public

    Listing courtesy of Keller Williams Realty Atlantic Partners Southside.


    © 2021 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than CrossView Realty are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2021-01-27T20:25:39.123.

    Digital Millennium Copyright Act
     
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    CrossView Realty
    3121 Venture Place, Suite 3
    Jacksonville FL, 32257