816 - 818 BAY ST, Green Cove Springs, FL 32043
816 - 818 BAY ST, Green Cove Springs, FL 32043
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Mary M. Freeman

Mary M. Freeman

+1(904) 377-9111
$ 460,000
Est. payment | /mo

6 Beds

4 Baths

2,048 SqFt

Save
$ 460,000
Est. payment | /mo
Save

6 Beds

4 Baths

2,048 SqFt

Key Details

Property Type Multi-Family, Condo, Duplex, Multi Unit, Duplex/Multi Unit Lot

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,048 sqft

Price per Sqft $224

Subdivision Green Cove

MLS Listing ID 2171712

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 2018

Annual Tax Amount $7,692

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Duplex

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

TURNKEY INVESTMENT OPPORTUNITY IN GROWING GREEN COVE SPRINGS! Don't miss this opportunity to own a newer-construction, income-producing duplex in one of Northeast Florida's growing communities! Built in 2018, this well-maintained property features two spacious units, each offering 3 bedrooms, 2 full bathrooms, and a private 1-car garage. Both units are fully leased, generating $39,600 in annual gross rental income, providing investors with immediate cash flow from day one! Located in the heart of Green Cove Springs, this property is positioned to benefit from the continued residential and commercial growth throughout Clay County. The area's expanding housing developments, improving transportation infrastructure, and proximity to Jacksonville make Green Cove Springs an attractive location for residents seeking affordability, convenience, and small-town charm. Residents enjoy convenient access to historic downtown Green Cove Springs, the St. Johns River, Spring Park, local shopping, restaurants, and major transportation corridors, including US Highway 17 and the developing First Coast Expressway. With its modern construction, desirable three-bedroom floor plans, attached garages, and established rental income, this duplex offers an appealing combination of immediate income and long-term investment potential. The property's relatively recent construction may also help reduce near-term capital improvement requirements compared to older rental properties. Whether you're expanding an existing rental portfolio or purchasing your first investment property, this fully occupied duplex offers an excellent opportunity to invest in the future of Green Cove Springs!

Location

State FL

County Clay

Community Green Cove

Area 161-Green Cove Springs

Direction One block off Ferris Street. Close to Hwy 17.

Interior

Heating Central

Cooling Central Air

Exterior

Parking Features Detached, Garage

Garage Spaces 1.0

Utilities Available Electricity Connected

Roof Type Shingle

Total Parking Spaces 1

Garage Yes

Private Pool No

Building

Lot Description Cleared

Story 1

Level or Stories 1

New Construction No

Schools

Elementary Schools Charles E. Bennett

Middle Schools Green Cove Springs

High Schools Clay

Others

Senior Community No

Tax ID 38062601720200000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by NORTH FLORIDA REALTY ADVISORS • STANLEY H BISHOP

NEARBY SCHOOLS & PROPERTIES

Mary M. Freeman

"People Before Property"

 

+1(904) 377-9111

mary@roundtablerealty.com

1637 Race Track Rd, Ste 100, Johns, FL 32259

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816 - 818 BAY ST