311 W ASHLEY Street, Unit 701
Property Description
DOWNTOWN JACKSONVILLE 7th Floor Condo DUPLEX: 8.28% PROFORMA CAP ($22K NOI) with 2 KEYS and POTENTIAL FOR 4 KEYS TOTAL! Your guests will enjoy elevated city views from the 7th floor of Residences at City Place. Engineered for DUPLEX cash flow, this single deeded corner parcel features a dual-key floor plan with 2 private units behind 1 main entry door, headlined by a spacious 1BR corner suite. Fully furnished and turnkey-ready for maximum STR/MTR performance across Airbnb, Furnished Finder, or VRBO. Holding 2 doors under 1 deed minimizes total vacancy risk. Located in Downtown Jax's Gateway Jax and Pearl Square growth zone near EverBank Stadium (Go Jags!), Daily's Place, VyStar Arena, UF Health, and the Federal Courthouse. Amenities: fitness center, clubhouse, elevators, key-card entry, and laundry. Turnkey 1031 Exchange Asset. Combine with Unit 305 A&B (MLS #2147558) to expand to 4 keys at an 8.22% blended proforma CAP rate. Cash only, no creative financing.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $270,000 |
| No. of Units: | 2 |
| Year Built: | 1949 |
| Lot Size: | 1,026.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $135,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 1 |
| Number of Bathrooms: | 0 |
ID: 3yd-NEFMLS-2149215
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