$140,000 Multifamily for Sale — 1659 Dot St, Jacksonville, FL 32209, USA
1659 Dot St, Jacksonville, FL 32209, USA
Summary
This is a multifamily property for sale at 1659 Dot St, Jacksonville, FL 32209, USA, listed at $140,000. The property has 2 units, 1,518 square feet, built in 1959. Financials show net operating income of $14,727, a 10.5% cap rate, gross income of $25,800 based on seller figures.
Key facts
- Asking price: $140,000
- Property type: Multifamily
- Cap rate: 10.5%
- NOI: $14,727
- Gross income: $25,800
- Occupancy: 100%
- Price / unit: $70,000
- Expense ratio: 39.9%
- Units: 2
- Building SF: 1,518
- Lot (acres): 0.06
- Year built: 1959
- Zoning: RMD-A
Description
This fully leased duplex presents a rare corporate liquidation opportunity for investors seeking immediate cash flow in Jacksonville’s urban core. Both units are currently rented at $1,100 each, delivering a combined monthly income of $2,200 and annualized gross revenue of $26,400. Professional property management is already in place, offering operational ease and stability for both local and out-of-area owners. Strategically located across from Edward Waters University dormitories, the property benefits from consistent rental demand within a population-rich neighborhood. The surrounding area provides quick access to schools, retail, and employment centers, enhancing long-term tenant retention prospects. A cost analysis indicates strong performance metrics with estimated total annual expenses of $10,449, generating an approximate net operating income of $15,951. This equates to a monthly net of $1,329, positioning this asset as an attractive turnkey investment with immediate income and low operational oversight. Whether added to an existing portfolio or acquired as a first investment, this property delivers dependable returns and a proven tenant base in a market with continued growth potential.
Photos
Frequently asked questions
What is the asking price for this multifamily property?
The asking price is $140,000 for the property at 1659 Dot St, Jacksonville, FL 32209, USA.
What is the cap rate?
The cap rate is 10.5%, based on $14,727 in net operating income.
How many units does the property have?
The property has 2 units.
How do I make an offer?
You can submit an offer directly to the seller on Caproll — there are no broker commissions, and the underwriting numbers are shown up front.
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