1103 Cherry St, Jacksonville

$1,100,000

8 Beds
8 Baths
6,096 Sqft
.35 Acres
0 Garages

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.

Essential Information
MLS® #1087445
Price$1,100,000
Bedrooms8
Bathrooms8.00
Full Baths8
Square Footage6,096
Acres0.35
Year Built1940
TypeInvestment Income/Apartment
Sub-TypeCommercial
StatusActive
Community Information
Address1103 Cherry St
Area032-avondale
SubdivisionNew Riverside
CityJacksonville
CountyDUVAL
StateFlorida
Zip Code32205
Amenities
AmenitiesWood Floors
PoolNo Pool
Utilities

Sep Elect Meter(s), Sewer - Public, Water - Public

Parking

Assigned Parking, On-Street Parking

Interior
AppliancesRange - Electric, Refrigerator
HeatingCentral Heating
CoolingCentral Cooling
# of Stories2
Stories2 Stories
Exterior
ExteriorBrick
Lot DescriptionRegular Lot
RoofShingle Roof
Additional Information
Days on Market29
ZoningRMD-8
Office

KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE

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Listing information last updated on January 20th, 2021 at 2:08am EST.

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