$420,000
Jacksonville, FL 32206
MLS# 1071767
Status: Closed
10 beds | 4 baths | 2352 sqft
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Property Description
+/_ $6387.33 gross monthly income! High-yield, turn-key investment opportunity. Fully renovated, multi family zoned, operating as a 10-bedroom rent-by-room rental, currently generating $6387 gross/ month. Units are furnished. Property underwent major 2023 renovations. - 8-year-old roofs on all buildings - All water heaters replaced in 2023 - New AC Units 59 & 51 2023 - Unit 55 replaced 2025 Two adjacent, similarly operated income-producing buildings are also available, creating potential scale to 29 total rentable rooms. Strong demand for affordable room rentals supports stable occupancy and future rental growth. Excellent opportunity for investors seeking immediate income and portfolio expansion. 2 buildings self-managed. Large lots with room to expand / add income opportunity. Balconies, porch, yard, parking available driveway and dead end street. 2x Washer /dryer + all appliances provided. Granite counters, renovated kitchens and bath. roof 8 years old.
Details
Maps
Location, Tax, and Legal
Tax Account: 133355-1000
Parcel Number: 133355-1000
General County Location: Out of Brevard
Tax Annual Amount: 3713.08
Tax Year: 2025
Tax Legal Description: 6-25 55-2S-26E .199 OAK TERRACE LOT 10 BLK 2
Directions: Take I-95 North or South (depending on your starting point) toward downtown Jacksonville.
Exit at MLK Jr. Parkway (US-1 N/US-23 N) - follow signs for MLK Parkway Northbound.
Take the exit for Main Street (US-17 N).
Turn left onto Main Street (if coming from south) or right (if coming from north).
Turn right onto E 32nd Street - it's a small residential road just north of the intersect
General Property Information
Number Of Buildings: 1
Number Of Units Total: 2
Stories Total: 2
Bathrooms Half: 0
Living Area: 2268
Living Area Source: Appraiser
Building Area Total: 2352
Lot Size Acres: 0.1966
Lot Size Dimensions: 50.0 ft x 174.0 ft
Lot Size Square Feet: 8566
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Open Parking Spaces: 2
Parking Total: 2
Water Body Access YN: No
Furnished: Furnished
Stories: 2
Pool Private YN: No
List Price/SqFt: 185.19
Sold Price/SqFt: 185.19
Bedrooms Total: 10
Bathrooms Total: 4
Bathrooms Full: 4
Year Built: 1987
Remarks and Miscellaneous
Public Remarks: +/_ $6387.33 gross monthly income!
High-yield, turn-key investment opportunity. Fully renovated, multi family zoned, operating as a 10-bedroom rent-by-room rental, currently generating $6387 gross/ month. Units are furnished.
Property underwent major 2023 renovations.
- 8-year-old roofs on all buildings
- All water heaters replaced in 2023
- New AC Units 59 & 51 2023 - Unit 55 replaced 2025
Two adjacent, similarly operated income-producing buildings are also available, creating potential scale to 29 total rentable rooms. Strong demand for affordable room rentals supports stable occupancy and future rental growth. Excellent opportunity for investors seeking immediate income and portfolio expansion. 2 buildings self-managed.
Large lots with room to expand / add income opportunity. Balconies, porch, yard, parking available driveway and dead end street. 2x Washer /dryer + all appliances provided. Granite counters, renovated kitchens and bath. roof 8 years old.
Appliances
Dryer: 1
Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Construction Materials
Block: 1
Frame: 1
Cooling
Central Air: 1
Current Use
Multi-Family: 1
DPR Eligible
DPR Eligible: Yes
Flooring
Vinyl: 1
Heating
Central: 1
Laundry Features
In Unit: 1
Lower Level: 1
Multiple Locations: 1
Upper Level: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Parking Features
Additional Parking: 1
On Street: 1
RV Access/Parking: 1
Shared Driveway: 1
Unassigned: 1
Possession
Close Of Escrow: 1
Financial Data Source
Owner: 1
Income and Expenses
Gross Scheduled Income: 76647.96
Income Includes
Rent Only: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 3618
Unit SqFt: 1120
Beds Total: 5
Full Baths Total: 2
Furnished: Furnished
Unit Remarks: 5 rented rooms
Unit 2 Details
Unit ID: 2
Actual Rent: 2769
Unit SqFt: 1120
Beds Total: 5
Full Baths Total: 2
Furnished: Furnished
Unit Remarks: 4 rented rooms, 1 vacant
Utilities
Cable Connected: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Contract Information
Current Price: $420,000
Original List Price: 420000
Sold Price: $420,000
Status: Closed
Listing Contract Date: 2026-03-10
Property Sub Type: Duplex
Location Tax and Legal
Street Number: 51
Street Direction Prefix: E
Street Name: 32nd
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32206
MLS Area Major: 999 - Out of Area
Status Change Information
Major Change Timestamp: 2026-06-15T18:40:42Z
Major Change Type: Status Change
Status Change Timestamp: 2026-06-15
Purchase Contract Date: 2026-03-11
Close Date: 2026-06-10
Close Price: 420000
Property Features
Appliances: Dryer; Electric Oven; Microwave; Refrigerator; Washer
Construction Materials: Block; Frame
Cooling: Central Air
Current Use: Multi-Family
Financial Data Source: Owner
Flooring: Vinyl
Heating: Central
Income Includes: Rent Only
Laundry Features: In Unit; Lower Level; Multiple Locations; Upper Level
Levels: Two
Listing Terms: Cash; Conventional; FHA; VA Loan
Parking Features: Additional Parking; On Street; RV Access/Parking; Shared Driveway; Unassigned
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
Special Listing Conditions: Standard
Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Listing Office: LoKation
Last Updated: June - 15 - 2026
Information is deemed to be reliable, but is not guaranteed.