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Brian Chapman

brian@roundtablerealty.com +1(508) 932-7271

$ 224,900

Est. payment | -/mo

4 Beds

3 Baths

1,456 SqFt

Save

$ 224,900

Est. payment | -/mo

Save

4 Beds

3 Baths

1,456 SqFt

Key Details

Property Type Multi-Family, Condo

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,456 sqft

Price per Sqft $154

Subdivision Oak Lawn

MLS Listing ID 2136755

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1954

Annual Tax Amount $3,816

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Triplex

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

Value-add triplex with in-place income and clear path to increased cash flow, priced for entry-level investors seeking value. Property features three separately metered units, including a 1BR (Unit 18), studio (Unit 20), and 2BR (Unit 22). Unit 18 is leased at $825/month (MTM), while the studio and 2BR are vacant--ideal for lease-up or owner occupancy. Pro forma gross income estimated at ~$32,000/year conservatively, offering a strong foundation with potential to improve through light updates and management. New roof in 2025. Large driveway provides ample off-street parking, and separate utilities help keep operating costs lower. Functional layouts, private entrances, and straightforward unit mix support an efficient lease-up and long-term hold strategy. Convenient access to major roadways and employment centers adds to rental appeal. At $224,900, projected cap rate ~9%. Strong opportunity to build cash flow or offset housing costs.

Location

State FL

County Duval

Community Oak Lawn

Area 071-Brentwood/Evergreen

Direction FROM MAIN STREET TURN LEFT UNTO W 43RD STREET, TRIPLEX LOCATED ON THE LEFT. 18-20-22 W 43rd St.

Interior

Heating Other

Cooling Wall/Window Unit(s)

Furnishings Unfurnished

Laundry None

Exterior

Parking Features Off Street, Shared Driveway

Utilities Available Electricity Connected, Separate Electric Meters, Separate Water Meters, Sewer Connected, Water Connected

Roof Type Shingle

Garage No

Private Pool No

Building

Lot Description Other

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Structure Type Concrete

New Construction No

Others

Tax ID 0273850000

Acceptable Financing Cash, Conventional, FHA, Owner May Carry, VA Loan

Listing Terms Cash, Conventional, FHA, Owner May Carry, VA Loan

Listed by NOMAD REALTY • RICHARD STANCATO

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

+1(508) 932-7271

brian@roundtablerealty.com

1637 Race Track Rd suite 100, Johns, Florida, 32259

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18 W 43RD ST Jacksonville, FL 32208