Property Description

Value Add Income Property with Duplex on San Juan Ave Rare opportunity to acquire a mixed use parcel with two existing structures on San Juan Ave. The rear duplex features two units approximately 480 sq ft each, with estimated rents of $800 per unit for a potential $1,600 per month / $19,200 annually when fully leased. The front structure was impacted by a vehicle and is currently condemned by the City of Jacksonville. Property is being sold as is for land value and redevelopment potential, offering multiple strategies for the next owner. Options may include maintaining and improving the duplex as an income producer, removing the front structure, or pursuing new construction or redevelopment consistent with zoning and city requirements. This is a true investor special ideal for cash buyers or renovation financing. Buyer to verify zoning, permitted uses, condemnation status, and all development requirements with the City of Jacksonville.