tomo logo

$1,325,000

Beds
8
Baths
4.0
sq ft
2,100

620 1st St S, Jacksonville Beach, FL 32250

620 1st St S

Jacksonville Beach, FL 32250

  • 3 days on market
Don't miss your chance to secure this income-producing property with the potential for long-term growth. This fully rented triplex generates a strong rental income of $5,650 per month, offering immediate returns for savvy investors. Each unit is currently leased, ensuring consistent cash flow from day one. The property comes with a rare and valuable variance approval, granting the ability to build two 3-story townhomes with garages, unlocking exciting future development potential in a sought-after coastal neighborhood. Whether you're looking for a steady income stream or a project with substantial upside, this property offers the best of both worlds.

Details

Property type

Single Family Residence

Est. home value

$548,891

Lot size

4,791.6 sq ft

Price per sq ft

$631

Year built

1945

Annual property taxes

$11,717.33

Price History

02/19/2025
RealMLS

RealMLS #2071079

Listed
$1,325,000

Schools & Community

Elementary school: 

Seabreeze

Middle school: 

Duncan Fletcher

High school: 

Duncan Fletcher

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

American Brokers Conduit

Loan start date

January 2007

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

2.8%

Loan type

Negative Amortization, 40 year

Seller

Jimmy C Rushing

Lender

Mary Lou Lambert

Loan start date

February 1999

Original loan amount

$135,000

Est. remaining balance

Not provided

Interest rate

6.83%

Loan type

Seller take-back, 2 year

Seller

J R Rushing

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

RealMLS
$1,475,000
5 bd
|
3.5 ba
|
3,092 sq ft
|
House

792 Holly Dr, Jacksonville Beach, FL 32250

RealMLS
$1,250,000
4 bd
|
3.5 ba
|
2,593 sq ft
|
House

1110 13th St N, Jacksonville Beach, FL 32250

RealMLS
$1,300,000
4 bd
|
4 ba
|
2,650 sq ft
|
House

529 11th St N, Jacksonville Beach, FL 32250

Status: Active

Tomo last checked: 02/23/2025 at 12:50 AM

Listing updated: 02/19/2025 at 9:41 AM

Listed by: DONNA K SANDIFORD, BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY Phone #: (904) 853-6386

MLS: RealMLS #2071079

RealMLS logo