$650,000
$724,900
10.3%For more information regarding the value of a property, please contact us for a free consultation.
640 DETROIT ST Jacksonville, FL 32254
16 Beds
8 Baths
5,408 SqFt
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,408 sqft
Price per Sqft $120
Subdivision Woodstock Park
MLS Listing ID 2031980
Sold Date 09/13/24
Bedrooms 16
Full Baths 8
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1960
Annual Tax Amount $9,103
Lot Size 1.010 Acres
Acres 1.01
Property Description
Woodstock Apartments is a professionally managed, income-producing 8-unit multifamily property located in the heart of Jacksonville, FL, one of Florida's most sought-after markets. Two-story concrete block construction build with eight 2bd. / 1ba. Units, all 100% occupied. The property underwent substantial renovations between 2021 and 2023. Completely remodeled units with new flooring, paint, new kitchen cabinets, appliances and countertops. Major systems have been updated.
Gross Annual Income ($85,740) / Annual Insurance ($9,000) / Annual Taxes ($9,100) / Annual Utilities ($7,200) / Annual Landscaping ($1,500)
Appraisal available upon request.
No Seller Financing.
Location
State FL
County Duval
Community Woodstock Park
Area 074-Paxon
Direction Turn left onto US-90 W / FL-10 / W Beaver St
Interior
Heating Hot Water, Varies by Unit
Cooling Wall/Window Unit(s)
Exterior
Parking Features Parking Lot
Pool None
Utilities Available Electricity Connected, Water Connected
Garage No
Private Pool No
Building
Lot Description Dead End Street
New Construction No
Others
Tax ID 057504-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with LAFAYETTE REALTY GROUP LLC