Off-Market Condo: 02 at 1901 1st ST N, Jacksonville Beach, FL, 32250

1901 1st ST N, Jacksonville Beach, FL, 32250

- #1202

$825,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $227 per day and long-term for an average of $3,900 per month, based on similar listings in the area. Estimated short-term cap rate of -2.4%. Estimated long-term cap rate of -3.3%. This oceanfront condo has it all! Fully renovated from the studs out.Spectacular million-dollar views of JAX Beach on one side and Neptune Beach on the other, makes for the perfect LOCATION.The house hunt and renovation were featured on HGTV Beachfront Bargain Hunt Renovation Season 4 Episode 5, Oceanfront Oasis.This home features a true luxury coastal design with custom white shaker cabinets,stunning natural stone counter-tops,beautiful oak look flooring and updated plumbing,electrical,HVAC,SS appl,smart lighting,tankless water heater, and stackable LG washer/ dryer.Newly installed sliding doors and windows $40,000.This condo has one of the largest showers and bathtubs!Move in ready! Gated with plenty of parking,1 covered car garage space (value of 30K+)included and storage unit is on the 1st floor.Renovated clubhouse, pool,fitness centers,tennis courts,onsite property management and private beach access.Building exterior is currantly being updated.Furnishings are available for sale.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$895
Rental Policy
daily
Yearly Taxes
$10245
Bedrooms
2
Bathrooms
2
SQFT
1,212
Furnished
unknown
Year built
1982
Listing Status
Off Market
MLS
2019477

Short-term Rental Potential
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$53,544

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$680

Price/SQFT

Long-term Rental Potential
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$46,800

Revenue
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Profit
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Cap rate
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$3,900/mo

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