1606 Union St W, Jacksonville, FL 32209

Overview

No wholesalers, companies or realtors please. This listing is for 2 duplexes together (Parcels 0760080000 and 0760090000) $200k ea. and must sell both together. The addresses are 1606 and 1612 Union Street. Zestimate is for one duplex so double that if examining value. 8 bedrooms 4 bath. Owner Financing Available! This is a perfect investment. Durable concrete block with flat roofs! We just put on a new roof on one of the buildings! Tenants in this area are easy to find. Fully Occupied Side by side Duplex buildings must sell together. Dont miss out on this opportunity to generate long-term income! These buildings are concrete block and utilities are separately metered per unit. Units currently bringing in $2210 : 1 = $500, Unit 2 = $500, Unit 3 = $510, Unit 4 = $700. These are on month to month leases so now is the time to raise them. Market rents should be at $800/1100ea = $3200-4400/mo. All units are separately metered. Very low expenses, the occasional used appliance is all you need to replace. There is no carpet, no dishwashers, no clothes washers, nor central air to worry about breaking down. Walls are cinderblock so no potential damage to sheetrock. All units are ac/window units which are very cheap to replace if it is ever necessary. All units are or can be Section 8 approved. (Let the government make your tenants rent payments!) Willing to do owner financing terms as well. Interest only payment at 15% down with an 7% rate on a 10 or 20 year balloon. No early payoff penalty. We are selling because we are out of state. Awesome passive income! This property is located in an Opportunity Zone so it qualifies for deferment and then ultimate elimination of capital gains tax with funds used for purchase and any upgrade investments. (google Opportunity Zone for more info).