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115 2ND Street

  • Jacksonville, FL
  • $1,750,000
$1,750,000

115 2ND Street

6 Beds 11 Baths 6,560 Sq.Ft. 6,534 Sq.Ft.

Description

A rare chance to acquire an irreplaceable 5-unit executive housing asset in the heart of Historic Springfield. Stabilized or repositioned, the numbers work either way. The building delivers four oversized 1BR/1.5BA residences (~1,100 SF each) and a true 2,288 SF penthouse occupying the entire third floor with 2 bedrooms, 2.5 baths, and sweeping views of Klutho Park and the downtown Jacksonville skyline. All five units feature in-unit laundry, which is a meaningful competitive advantage in this submarket. Pro forma gross income of $192,000 annually supports a projected ~8% cap rate at the asking price, based on executive lease rates of $2,750/month for the flats and $5,000/month for the penthouse. Current rents reflect an owner-occupied and partially furnished operation; two furnished units and the penthouse offer immediate repositioning upside. Delivery terms are negotiable. The rear yard amenity package, outdoor tiki bar, hot tub, sauna, and courtyard gathering space, creates a boutique, lifestyle-forward community that executive and corporate tenants cannot find elsewhere in Jacksonville at this price point. Built in 1906. Brick construction. HVAC is approximately 2 years old.

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Location

115 2ND Street, Jacksonville, FL 32206

Status

Inactive

1906

1906

Year Built

6

6

Total Bedrooms

11

11

Total Bathrooms

6,560

6,560

Sq.Ft.

Living Space

6,534

6,534

Sq.Ft.

Lot Size

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01

Interior

Total Bedrooms

6

Total Bathrooms

11

Full Bathrooms

6

Half Bathrooms

5

Laundry room

In Unit

Flooring

Laminate, Wood
01

Exterior & Building

Stories

3

Water Source

Public

Utilities

Sewer Connected, Water Connected

Roof

Membrane, Shingle

Lot Features

Historic Area

Parking

On Street

Heat Type

Central

Air Conditioning

Central Air

Sewer

Public Sewer

Other Exterior Features

Balcony, Courtyard, Fire Pit, Outdoor Kitchen
01

Lot & Area

Status

Inactive

Living Area

6,560 Sq.Ft.

Lot Size

6,534 Sq.Ft.

MLS® ID

2128600

Type

Multi-Family

Year Built

1906

Neighborhood

Historic Springfield

View Description

City
01

Finance

Sales Price

$1,750,000

Real Estate Taxes

$14,968/yr

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Historic Springfield

Jacksonville's oldest neighborhood is known for some of the city's most significant architecture, some of which predates the Great Fire of 1901.

Historic Springfield is a neighborhood located in Jacksonville, Florida that is known for its historic charm and character and there are several reasons why someone might want to consider living in this neighborhood.


Firstly, Historic Springfield is the oldest neighborhood in Jacksonville and is home to a variety of historic homes and buildings. Many of these homes have been beautifully restored and maintained, giving the neighborhood a charming and unique atmosphere.

Secondly, the neighborhood is known for its strong sense of community. Residents of Historic Springfield are proud of their neighborhood and actively work to preserve its history and character. There are various neighborhood events and activities throughout the year that bring residents together, such as the annual Springfield Holiday Tour of Homes and the Springfield Preservation and Revitalization Council's "Porchfest" music festival.


Thirdly, Historic Springfield is conveniently located in the heart of Jacksonville. It is close to downtown Jacksonville, which offers a variety of shops, restaurants, and entertainment options. It is also within easy access to major highways and public transportation, making it easy to get around the city.


Fourthly, the neighborhood is also home to several parks, including Klutho Park and Springfield Park, which offer residents the opportunity to enjoy nature and the outdoors.


Lastly, living in a historic neighborhood like Springfield will give you the opportunity to be a part of the history and culture of the city. You will be able to appreciate the beauty and architecture of the neighborhood as well as the stories of the people who lived there before you.

In conclusion, Historic Springfield is a charming and unique neighborhood that offers a strong sense of community, a variety of historic homes and buildings, a convenient location, access to parks, and the opportunity to be a part of the history and culture of Jacksonville. It is a great option for those who appreciate historic charm and character and want to be part of a tight-knit community.

Historic Springfield is a neighborhood located in Jacksonville, Florida that is known for its historic charm and character and there are several reasons why someone might want to consider living in this neighborhood. Firstly, Historic Springfield is the oldest neighborhood in Jacksonville and is home to a variety of historic homes and buildings. Many of these homes have been beautifully restored and maintained, giving the neighborhood a charming and unique atmosphere. Secondly, the neighborhood is known for its strong sense of community. Residents of Historic Springfield are proud of their neighborhood and actively work to preserve its history and character. There are various neighborhood events and activities throughout the year that bring residents together, such as the annual Springfield Holiday Tour of Homes and the Springfield Preservation and Revitalization Council's "Porchfest" music festival. Thirdly, Historic Springfield is conveniently located in the heart of Jacksonville. It is close to downtown Jacksonville, which offers a variety of shops, restaurants, and entertainment options. It is also within easy access to major highways and public transportation, making it easy to get around the city. Fourthly, the neighborhood is also home to several parks, including Klutho Park and Springfield Park, which offer residents the opportunity to enjoy nature and the outdoors. Lastly, living in a historic neighborhood like Springfield will give you the opportunity to be a part of the history and culture of the city. You will be able to appreciate the beauty and architecture of the neighborhood as well as the stories of the people who lived there before you. In conclusion, Historic Springfield is a charming and unique neighborhood that offers a strong sense of community, a variety of historic homes and buildings, a convenient location, access to parks, and the opportunity to be a part of the history and culture of Jacksonville. It is a great option for those who appreciate historic charm and character and want to be part of a tight-knit community.
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THOMAS LOVE

EM

THOMAS LOVE

Broker/Owner

3118560

His goal is to make the pursuit of his customer’s real estate goals as informed, comfortable, and stress-free as possible.

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Phone
(904) 382-7695