2321 Riverside Ave - Apartments FOR SALE


Jacksonville, FL 32204- Riverside
$1,100,000 USD
904-806-4274
2321 Riverside Ave, Jacksonville, FL for Sale
$1,100,000 USD
Apartments - FOR SALE
1/43
null | Request Cap Rate

2321 Riverside Ave
Jacksonville, FL 32204
Riverside


OVERVIEW

Nestled in the heart of Riverside, this charming 1925 two-story, Norwegian brick quadplex is a rare find for investors seeking passive rental income and long-term appreciation. This historic property presents an exceptional opportunity for thoughtful updates and enhancements, allowing you to unlock its full potential. With strategic renovations and improvements, there is significant room to elevate both the property's appeal and rental value, positioning it for stronger returns. This is a prime value-add investment, offering the chance to blend historic charm with modern upgrades to maximize long-term appreciation and income potential. Zoned CRO (Commercial Residential Office), this versatile property allows for both residential and commercial use, making it ideal for traditional rentals, short-term stays, or office space. Each of the four units features original wood floors, high ceilings, and an inviting 2-bedroom, 1-bath layout filled with natural light. The building has both front and back stairs with ingress and egress for each unit on each staircase. The solid brick construction ensures lasting durability while maintaining its timeless charm. Roof was replaced in 2018, All HVAC's replaced in 2017, and plumbing & electrical upgrades throughout. Located in a high-demand rental market, this property is just minutes from St. Vincents Hospital, Five Points, the St. Johns River, and downtown Jacksonville. Tenants will enjoy walkability to some of the city's best dining, shopping, and entertainment options. Whether you're an investor looking to expand your portfolio or an entrepreneur seeking passive income, this prime Riverside quadplex offers endless potential. Don't miss this exceptional opportunity to schedule your showing today!

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2321 Riverside Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CRO

APN/PARCEL ID

090637-0000

ASK ABOUT THIS PROPERTY

Jena DennisGreat Expectations RealtyMore Info
904-806-4274

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Jena DennisGreat Expectations RealtyMore Info
904-806-4274

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.