Listed by JPAR City & Beach
$270,000
Turnkey Dual-Income Duplex Condo | 7.66% CAP | Downtown JAX
Details
APN 0739030070
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Square Footage 984
Net Rentable (SqFt) 984
Units 2
Cap Rate 8.23%
NOI $22,209
Pro-Forma Cap Rate 9.6%
Pro-Forma NOI $25,920
Class B
Year Built 1949
Year Renovated 2024
Buildings 1
Stories 1
Zoning CCBD
Parking Spaces 0 per unit
Investment Type Stabilized
Ground Lease No
Sale Condition N/A
Multifamily | 8.23% CAP | 2 Units
Marketing description
7.25% CAP Rate Airbnb Cash Cow! This unique, fully renovated condo-duplex setup requires zero CapEx and delivers two active STR/MTR income streams in one turnkey transaction. Behind the main entrance door sit two completely private, self-contained rental apartments generating consistent, year-round rental demand. Location is everything. You are sitting right in the middle of it all inside the multi-billion dollar Gateway Jax / Pearl Square downtown revitalization footprint and just minutes from the Jaguars' $1.4B Stadium of the Future / Sports & Entertainment District. This highly desirable downtown location is just steps from the Federal Courthouse, Fortune 500 corporate headquarters, and major banking hubs, driving a steady pipeline of healthcare professionals, legal experts, and corporate clientele. This prime positioning offers passive investors a recession-proof combination of high-yielding immediate cash flow and massive long-term equity appreciation.
Investment highlights
- Unrepeatable Dual-Income Layout: The building’s only custom-engineered, fully-renovated duplex condo floor plan. Runs as 2 separate, self-contained cash-flow engines (separate meters & keypad entries) under a single deed.
- Immediate 7.66% Actual CAP Rate: Turnkey, proven asset perfectly optimized to capture premium corporate, military, and traveling medical (UF Health) Medium-Term Rental (MTR) contracts.
- Revitalization Front-Row Seat: Located directly inside Downtown Jacksonville’s massive multi-billion-dollar Gateway Jax / Pearl Square development footprint and minutes from the Jaguars’ new $1.4B Stadium district.
- High-Yield Cash Moat: Non-warrantable, cash-only status acts as an exclusive barrier to entry, protecting your yield and eliminating competition from volatile, emotional retail homebuyers.
- Fixed Predictable Overhead: High-utility HOA completely covers water, sewer, trash, pest control, 24/7 building security, and structural insurance, shielding your operational margins.
Listing Contacts
Listed by JPAR City & Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$22,209.00
$1,850.75/mo
Valuation Metrics
0
DSCR
8.23%
Cap Rate
8.23%
ROI
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