HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Additional details

Keith Francis

keith@roundtablerealty.com +1(904) 874-2066

$ 750,000

Est. payment | -/mo

10 Beds

6 Baths

3,380 SqFt

Save Virtual Tour

$ 750,000

Est. payment | -/mo

Save Virtual Tour

10 Beds

6 Baths

3,380 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,380 sqft

Price per Sqft $221

Subdivision Oceanway

MLS Listing ID 2154677

Bedrooms 10

Full Baths 6

HOA Y/N No

Year Built 1948

Annual Tax Amount $764

Lot Size 1.360 Acres

Acres 1.36

Property Sub-Type Single Family Residence

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

Exceptional Multi-Residence Investment Estate | Strong Cash Flow | 1.36 Acres | Future Development Potential

Rarely does a property offer this combination of immediate income, extensive recent improvements, valuable acreage, and long-term upside. Situated on 1.36 acres in one of North Jacksonville's fastest growing and most convenient locations, this exceptional property features five separate residences totaling approximately 4,424 square feet, creating an outstanding opportunity for investors, multi-generational families, business owners, or anyone seeking a property with multiple income streams and exceptional flexibility. Currently generating $7,800 per month ($93,600 annually) in rental income with only four of the five residences occupied, this property offers immediate cash flow while offering the opportunity to increase annual income by an added $18,600 simply by leasing the fifth residence. Based on the current financials, the property produces approximately $82,200 in annual Net Operating Income, representing an attractive 10.96% cap rate at the $750,000 asking price.
The property consists of four residential units plus a detached single-family home, offering flexibility that is nearly impossible to find in today's market.
Three residences feature 2 bedrooms, 1 bathroom, each with private interior laundry. The largest residence offers 3 bedrooms, 2 bathrooms, more than 1,360 square feet, and propane service for both the range and dryer. One residence also includes an insulated garage that could easily be converted into additional living space.
The detached home provides even greater versatility, making it ideal as an owner-occupied residence, guest house, property manager's quarters, employee housing, or an additional rental opportunity.
Extensive capital improvements have already been completed, providing peace of mind and minimizing future maintenance expenses. Recent upgrades include:
" New 6,250+ square foot ribbed metal roof " Updated plumbing throughout " New electrical panels with separate electric meters and primarily 12-gauge wiring " Hurricane-impact windows throughout most of the property " Durable red steel construction with predominantly metal siding " Matching tile flooring throughout all residences " Industrial-sized gutters with French drains " New appliances and propane service " Two oversized septic systems with expansive drain fields " Vinyl fencing with a heavy-duty automatic Ghost security gate
The exterior is equally impressive with a 220-foot paved driveway, two large carports, greenhouse, oversized concrete RV pad with full RV hookups, extensive parking, and beautifully maintained grounds. The property is located in Flood Zone X, meaning it is outside of a designated flood hazard area.
Location is another major advantage. Just minutes from I-95 and I-295, the property is less than 10 minutes from Jacksonville International Airport, approximately 15 minutes to Downtown Jacksonville, about 25 minutes to Jacksonville's beaches, and only minutes from River City Marketplace, offering major retailers, restaurants, and entertainment.
Unlike most investment properties, this estate offers multiple exit strategies. Continue operating it as a high-performing income property, occupy one residence while the remaining units generate substantial rental income, create a private multi-generational family compound, or explore the property's future development potential. Due to its size and configuration, the parcel may offer the opportunity for future subdivision or additional residential development, subject to buyer verification with the appropriate governmental authorities.
With more than 4,400 square feet of living space, 1.36 acres, substantial recent improvements, existing cash flow, and future upside, this is a truly unique opportunity that would be extraordinarily difficult--and significantly more expensive--to recreate at today's land and construction costs.
Properties offering this combination of income, flexibility, infrastructure, acreage, and long-term appreciation potential rarely become available. Schedule your private showing today and discover everything this exceptional investment property has to offer.

Location

State FL

County Duval

Community Oceanway

Area 092-Oceanway/Pecan Park

Direction Take 95N to exit 362A to 295 East. In 1.1 miles turn onto US 17, in .2 turn right onto Main Street. In .4 miles turn left onto Cole Rd W. In .5 miles turn right onto Cole Rd. In .2 miles the home is on the right and gated.

Interior

Heating Central

Cooling Central Air

Exterior

Parking Features Additional Parking, Carport, Garage

Garage Spaces 2.0

Carport Spaces 4

Utilities Available Electricity Connected, Water Connected, Propane

Total Parking Spaces 2

Garage Yes

Private Pool No

Building

Water Well

New Construction No

Others

Senior Community No

Tax ID 1068430280

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.zillow.com/view-imx/14ddad3d-6671-4c0b-b2f9-33355351ffbb?initialViewType=pano

Listed by EPIQUE REALTY, INC • STEVE GORDON

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 469-7653

admin@roundtablerealty.com

1637 Racetrack Rd, Jacksonville, FL, 32259

GET MORE INFORMATION

Name

Email*

Phone*

Message

By registering on this website, you hereby grant permission to Round Table Realty, its affiliates, and its agents to contact you via email, text message, telephone, and other communication methods, including but not limited to mass communication systems, unique communication systems, and automated or artificial intelligence systems. Such communications may be for the purposes of responding to inquiries, providing real estate services, marketing, or other business-related matters.

You acknowledge that these communications may include autodialed or prerecorded messages and that you consent to receiving such communications at the email address and phone number(s) you provide, even if your phone number is on a state or national Do Not Call registry. Message and data rates may apply.

This consent is not a condition of any purchase or transaction. You may revoke your consent to receive such communications at any time by notifying us in writing or using the opt-out mechanisms provided in the communication.

Florida-Specific Notice:
Pursuant to Florida law, you are hereby informed that your contact information may be used to provide information about real estate services, listings, and related topics. Round Table Realty complies with all applicable federal and state laws, including the Florida Telephone Solicitation Act (FTSA), and takes measures to ensure the security and confidentiality of your contact information.

For more information about our policies or to exercise your rights under applicable laws, please see our Privacy Policy.

By clicking “I'm Finished” or completing the registration process, you affirmatively acknowledge that you have read and understood this disclosure and consent to the above terms.

865 COLE RD Jacksonville, FL 32218