160 7TH AVE N $4,500,000

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    160 7TH AVE N JACKSONVILLE BEACH, FL 32250

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 1131606
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    Views: 27 Days On Site: 28

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    Property Details

    LOCATION! LOCATION! LOCATION! Opportunity to own a trophy property 1 block from the beach and in the Central Jacksonville Beach Entertainment District. New Margaritaville Beach Hotel is a half block walk and Casa Marina Hotel and Restaurant is a 1 block walk. The Jax Beach Pier is a 3 block walk and several bars and restaurants are also within an 8 block walk.Built in 1994, the building is all concrete block construction including all interior walls. The floor separating the upper and lower units is Precast Tongue and Groove Concrete Floor Planks. Roof is metal making the building almost maintenance free. There are 16 identical 1 bedroom, 1 bathroom units measuring 720 square feet. Upper units have large balconies with ocean views. Lower units have large patios with planted areas. All units have ceramic tile floors, full sized washers and dryers, large walk in closets in the bedrooms, modern track lighting and assigned parking. Currently 100% occupied on annual leases, this property is perfectly positioned to transition to short term rentals maximizing return on investment.

    • General Features
      • # of Buildings 1 Building
      • # of Units 16 - 20 Units
      • County Duval
      • Bedrooms 16
      • Building Stories 2 Stories
      • Full Bathrooms 16
      • Half Bathrooms 0
      • Number of Stories 2
      • Occupancy At Closing,Tenant Occp Lease
      • Present Rental Terms Year
      • Present Tenant Expenses All Electric
      • Subdivision1 FLAGLER TRACT
      • Subdivision Legal Name FLAGLER TRACT
      • Type Multi Units
    • Building Features
      • Structure Slab
      • Appliances Dishwasher, Dryer, Range - Electric, Refrigerator, Washer
      • Amenities Tile Floors, Unfurnished, Walk-in Closets
      • Rental Includes Dishwasher,Dryer,Range/Oven,Refrigerator,Washer
      • Heating Central Heating
      • Cooling Central Cooling
      • Water Heater Electric Water Heatr
      • Year Built 1995
    • Property Features
      • Lot Description View Level, Ocean view
      • Utilities Sewer - Public, Water - Public
      • Pool No Pool
      • Documents on File Survey on File
      • Parking Assigned Parking
      • Road Frontage City Street
      • Road Surface Asphalt Road

    Contact

    Mike Berry

    Mike Berry

    REALTOR

    Atlantic Beach Office

    Cell: 904-610-2406

    Neighborhood

    32250 (JACKSONVILLE BEACH) Demographics

    42 Median Age
    2,473 Population Density (per sq. mile)
    63% College Educated
    $88,794 Estimated Median Income
    8,581 Estimated Total Home Owners
    3,799 Estimated Total Renters
    69% / 31% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    27,246 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $602,000 Median Sales Price
    53 Homes Sold
    59 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $4,500,000
        9/30/2021 5:19:30 PM Status Changed Source: Multiple Listing Service New Value: Pending
        9/28/2021 4:05:00 AM New in Database Source: Multiple Listing Service New Value: $4,500,000

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        ©2021 Northeast Florida Multiple Listing Service, Inc. All rights reserved. Data last updated: 10/26/2021 8:35:32 AM. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available.

        The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Florida Network Realty are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.