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1547 Morgan Street

Jacksonville, FL 32209

8 beds
4 baths
2,776 sqft
6,098 sqft lot
$136 per sqft
1969 build
– on site

BACK ON THE MARKET with a 10.32% CAP RATE!! - Great investment opportunity in the heart of downtown. This multifamily quadplex offers four spacious units, each featuring 2 bedrooms and 1 bath, perfectly positioned for substantial rental income. Two units have been recently upgraded with fresh paint and new vinyl flooring, 2 brand new water heaters. 2 units have newer ac systems and roof was replaced in 2020. Newer paint job on exterior as well. All units are currently occupied, providing an immediate revenue stream. Located in a rapidly developing downtown area, this property is poised for significant appreciation. With massive expansion and revitalization projects planned for the next few years, the value and rental demand in this area are expected to soar.

Listing courtesy of NEFMLS / REAL BROKER LLC

Last checked: Checking… • Last updated Oct 18, 2024 •

MLS# 2035341 —

The Building

Year Built:

1969
New Construction:

false
Development Status:

None
Architectural Style:

None
Roof:

Metal
Stories Total:

2
Basement:

None
Foundation Details:

None
Building Features:

None
Window Features:

None
Patio And Porch Features:

None
Building Name:

None

Interior

Rooms Total:

None
Furnished:

Unfurnished
Interior Features:

None
Flooring:

Carpet, Vinyl
Fireplace:

No

Room Dimensions

Living Area:

2776.0
Living Area Units:

None
Living Area Source:

Public Records

Financial & Terms

Possession:

Close Of Escrow

Location

Directions:

From I 95N take Union Street exit, turn right on Lee St, right on Beaver, right on Tyler St, left on Morgan st home is on the right.
Cross Street:

None
Latitude:

30.336486
Longitude:

-81.682194

The Property

Parcel Number:

0759190000
Property Type:

Residential Income
Property Subtype:

Quadruplex
Property Condition:

None
Property Attached:

No
Zoning:

None
Lot Features:

Other
Lot Size Acres:

0.14
Lot Size SqFt:

6098.4
Lot Size Area:

0.14
Lot Size Units:

Acres
Current Use:

Multi-Family
Possible Use:

None
Topography:

None
Additional Parcels:

No
Additional Parcels Description:

None
Road Surface Type:

Asphalt
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Legal Description:

3-98 40-2S-26E .140 SMITHS ALLOTMENT LOT 9 W 20FT
Tax Annual Amount:

5001.85

Beds

Bedrooms Total:

8

Baths

Total Baths:

4.0
Total Baths:

4
Full Baths:

4
Three Quarter Baths:

None
Partial Baths:

None
Quarter Baths:

None

The Listing

Virtual Tour URL Branded:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

true
Cooling:

Central Air

Utilities

Utilities:

Cable Available, Electricity Available, Sewer Available, Water Connected
Sewer:

Public Sewer

Appliances

Appliances:

Convection Oven

Schools

Elementary School District:

None
Middle Or Junior School District:

None

The Community

Subdivision Name:

Smiths Allotment
Pool Private:

No
Pool Features:

None
Waterfront:

false
Water Body Name:

None
Pets Allowed:

None
Association:

false

Parking

Garage:

false
Attached Garage:

false
Carport:

false
Parking Features:

Shared Driveway

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/23/24 Sep 23, 2024	Price Changed	NEFMLS	$380,000	-1.3%
8/3/24 Aug 3, 2024	Price Changed	NEFMLS	$385,000	-1.3%
8/2/24 Aug 2, 2024	Listed / Active	NEFMLS	$390,000

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This multifamily located in Northwest Jacksonville, Jacksonville, FL 32209 is currently for sale for $380,000. 1547 Morgan Street is a 2,776 square foot multifamily with 8 beds and 4 baths that has been on Estately for 123 days. 1547 Morgan Street is in the Northwest Jacksonville neighborhood of Jacksonville and has a WalkScore® of 50, making it somewhat walkable. This multifamily is in the attendance area of William M. Raines High School, Susie E. Tolbert Elementary School, Lake Shore Middle School, and Smart Pope Livingston Elementary School.

Listing Courtesy of: NEFMLS and REAL BROKER LLC.

Based on information from the NORTHEAST FLORIDA MLS 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. NEFMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. NEFMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.