1659 Dot St - Apartments FOR SALE


Jacksonville, FL 32209- New Town
$140,000 USD
813-404-6916
1659 Dot St, Jacksonville, FL for Sale
$140,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1659 Dot St
Jacksonville, FL 32209
New Town


HIGHLIGHTS

  • Corporate liquidation sale offers immediate investment opportunity.
  • 100% occupied duplex with two units leased at $1,100/month each, totaling $2,200/month.
  • Annual gross rental income of $26,400 with estimated net yearly income of $15,951.
  • Professional property management in place for worry-free ownership.
  • Positioned across from Edward Waters University dorms, ensuring steady rental demand.
  • Proximity to retail, education, and major city corridors for strong tenant retention.

OVERVIEW

This fully leased duplex presents a rare corporate liquidation opportunity for investors seeking immediate cash flow in Jacksonville’s urban core. Both units are currently rented at $1,100 each, delivering a combined monthly income of $2,200 and annualized gross revenue of $26,400. Professional property management is already in place, offering operational ease and stability for both local and out-of-area owners. Strategically located across from Edward Waters University dormitories, the property benefits from consistent rental demand within a population-rich neighborhood. The surrounding area provides quick access to schools, retail, and employment centers, enhancing long-term tenant retention prospects. A cost analysis indicates strong performance metrics with estimated total annual expenses of $10,449, generating an approximate net operating income of $15,951. This equates to a monthly net of $1,329, positioning this asset as an attractive turnkey investment with immediate income and low operational oversight. Whether added to an existing portfolio or acquired as a first investment, this property delivers dependable returns and a proven tenant base in a market with continued growth potential.

FOR SALE DETAILS

PRICE

$140,000 USD

PRICE/SF

$91 USD /SF

# OF UNITS

2

PRICE/UNIT

$70,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,912 SF

ZONING

RMD-A

APN/PARCEL ID

051941-0000

ASK ABOUT THIS PROPERTY

Kurt WestfieldBlue Peak RealtyMore Info
813-404-6916

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Kurt WestfieldBlue Peak RealtyMore Info
813-404-6916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.