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$ 11,500,000
Est. payment | /mo
$ 11,500,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Apartments (5+ Units)
Listing Status Active
Purchase Type For Sale
Subdivision Pablo Beach North
MLS Listing ID 254250
HOA Y/N No
Year Built 1948
Annual Tax Amount $50,186
Tax Year 2024
Property Sub-Type Apartments (5+ Units)
Property Description
Exceptional Jacksonville Beach Multifamily Opportunity | 820, 828, 902, 904, & 910 2nd Street North. An extraordinary investment or redevelopment opportunity in the heart of Jacksonville Beach, located just two blocks from the ocean and three blocks from the iconic Jacksonville Beach Pier. This offering includes two separately deeded properties with multiple addresses: 820, 828, 902, 904, & 910 2nd Street North. Each parcel is improved with two concrete masonry multi-family buildings. One of the parcels has an additional separate structure that presents the potential for future laundry amenities, tenant storage, or on-site management offices. The two parcels are situated one block apart, separated by 8th Avenue North, and together offer a total of five buildings with 32 rental units in one of Northeast Florida's most desirable beach communities. Each building is two stories and approximately 4,420 square feet in size. Each structure contains eight rental units, consisting of four. efficiency apartments and four one-bedroom, one-bath apartments. All units are individually metered for electricity, while water, sewer, and garbage collection are provided and included in the rent. There is one water meter per building. The properties are fully occupied, with a mix of month-to-month and one-year leases in place, offering stable cash flow and flexible options for repositioning. The buildings are constructed entirely of concrete, with durable concrete roofs and the exteriors were repainted eight years ago using elastomeric primer and paint. Inside, the units have been updated with new window-mounted AC units, new water heaters, new electrical panels, and significant upgrades to plumbing and electrical systems as well as updated kitchens and appliances. One of the desirable features of this offering is that each building includes 7 dedicated off-street parking spaces along 2nd Street North—making them the only properties on 2nd Street with private parking. There is also additional parking available on the sides of each building. Zoned Commercial JC-1, these properties are located in a dynamic area surrounded by popular restaurants, hotels, and retail, offering a prime redevelopment opportunity for mixed-use, hospitality, or upgraded multifamily use. This is an unbeatable location in a thriving coastal market where walkability, convenience, and ocean proximity are at a premium. This is your chance to secure a rare, income-producing asset in one of Jacksonville's fastest-growing and most in-demand beach communities. The possibilities here are truly endless, with multiple potential options for future expansion and growth. Total income 2024: $293,168.26. Total expenses 2024: $125,813.26. Total income Jan-July 2025: 210,631.94 Total expenses Jan-Jul 2025: $75,209.41
Location
State FL
County Duval
Area 18 - Duval County
Zoning JC-1
Direction N
Exterior
Waterfront Description Ocean View
Others
Virtual Tour https://youtu.be/Eg85Jj2ZfE4
Listed by Great Expectations Realty
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CC Underwood
Owner