1521 Mcduff Ave

Description

Located in Riverside’s historic district, 1512 McDuff Avenue is a four-unit multifamily investment offering immediate income with meaningful value-add potential. The two-story brick building, built in 1942, features four leased units, providing stable in-place cash flow while allowing upside through renovation and repositioning. The property offers approximately 3,670 square feet of effective interior space, including common areas, and is zoned RMD-B, supporting continued multifamily use. Units are between 820 - 862 sq ft approximately. Each unit includes a functional layout with galley-style kitchens and modern bathrooms, along with a mix of wood and carpeted flooring. While the property is well maintained, the highest and best use is to enhance and modernize to better align with the surrounding Riverside market, where upgraded multifamily properties command premium rents. Surrounded by high-end homes, popular restaurants, and established businesses, this asset represents a strong opportunity for investors seeking long-term growth in one of Jacksonville’s most desirable neighborhoods. Leases: Unit 1 - $975 pm, month-to-month Unit 2 - $1,200 pm, month-to-month Unit 3 - $975 pm, month-to-month Unit 4 - $1,050 pm, month-to-month Financials and rent rolls are not available. Leases and expenses are available on request. Electricity is individually metered, water & sewer master-metered. HVAC in unit 1 & 2 replaced in 2020. Condenser and air handler replaced in unit 1 and 4 in 2005. Plumbing re-pipe unit 4 in 1998. Also refer to the documents attached to the listing.