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Additional details

Keith Francis

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

$ 1,285,000

Est. payment | -/mo

4 Beds

4 Baths

1,800 SqFt

Save

$ 1,285,000

Est. payment | -/mo

Save

4 Beds

4 Baths

1,800 SqFt

Key Details

Property Type Multi-Family, Condo, Multi Unit, Duplex/Multi Unit Lot

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,800 sqft

Price per Sqft $713

Subdivision Ocean View

MLS Listing ID 2163471

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1958

Annual Tax Amount $13,481

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 60 * 70

Property Sub-Type Quadruplex

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

**Rare Four-Unit Investment Opportunity Just Steps from the Atlantic Ocean in Neptune Beach!** Located on highly desirable 1st Street, this established quadruplex offers an exceptional opportunity to own an income-producing property in one of Northeast Florida's most sought-after coastal communities. Four individual studio-style residences, each with a full kitchen and private bath, provide multiple income streams from a single property--all within approximately one block of the beach. Situated on a **70' x 60' corner parcel** with frontage along 1st Street and Margaret Street, the property enjoys excellent visibility, convenient off-street parking and the unmistakable character of old Neptune Beach. Mature palms, established landscaping and classic coastal architecture give the property an authentic beach-town feel, while the aerial photography dramatically showcases its proximity to the ocean.

The property has benefited from numerous improvements over the years, including a roof reported replaced in approximately 2015 and plumbing and electrical updates. More recent improvements include replacement window A/C units in multiple residences, new tile in Unit 1919, a replacement sliding door in Unit 1923 and rebuilding of the trash-area fence. The 2021 four-point inspection also documented four individual 60-amp electrical panels and plumbing updates.

Just blocks from the restaurants, shopping and lifestyle that make the Beaches so desirable, this is the type of property that rarely becomes available: **four rental units, a corner location, and the Atlantic Ocean practically at your doorstep.**

**1917-1923 1st Street -- own the income, the location and a piece of Neptune Beach.**

Location

State FL

County Duval

Community Ocean View

Area 221-Neptune Beach-East

Direction From Atlantic Blvd headed North on A1A, take a left onto Margaret St. Property is located on the North East corner of Margaret and First St.

Interior

Heating Central

Cooling Central Air

Furnishings Unfurnished

Exterior

Parking Features Unassigned

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Garage No

Private Pool No

Building

Lot Description Corner Lot

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

New Construction No

Schools

Elementary Schools Neptune Beach

Middle Schools Fletcher Jr High

High Schools Duncan Fletcher

Others

Senior Community No

Tax ID 1737390000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY • TRACEY PAULSEN

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

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1917 1ST ST Neptune Beach, FL 32266