This is an amazing investment is a one-of-a-kind. Currently a 12 unit rental property providing a 5% CAP rate with potential to increase that, it is also already legally divided into 12 units, making it a prime condo conversion. Located east of 3rd Street in the desirable southern portion of Jacksonville Beach, it's only a three minute walk to the beach and a 15 minute walk to downtown Jax Beach! Three four-plexes with great views, plenty of parking and spacious porches make this a fantastic asset. Always fully occupied, the 12 units were fully renovated just a few years ago and have granite countertops, stainless steel appliances, W/D in unit and plenty of closet and porch space.Rent now and convert to condos now or in a few years. The upside to this asset is huge!
