50 Magnolia Dr, Unit 50
Property Description
FOR SALE: Charming Island Triplex - Ideal Income-Producing Property in Prime Location, Generating over 6k a month in rental income. An Island property full of potential and charm. This triplex-a unique combination of a duplex and a single-family unit-is nestled in a peaceful, tree-lined neighborhood just two streets off scenic A1A. Surrounded by mature landscaping, this property offers excellent income opportunities and a fantastic location. Property Overview: Duplex: Two mirrored 1 Bed / 1 Bath units (~567 sq ft each) Features: Hardwood floors, wood ceilings and walls, tile showers, private laundry/storage rooms, new mini split ac Single-Family Unit (above garage): 2 Bed / 1 Bath (~858 sq ft) Same charming finishes with potential to add more living space Bonus Space: The entire ground floor of the single-family unit is wide open-perfect for creating into an additional unit, workshop, or use as oversized garage. Key Features: Complete remodel from top to bottom in all 3 units including full kitchens, bathrooms, new paint, floor resurfacing, electrical, plumbing, New A/c's, new Roof, New doors, 48- Old insulation was removed and New insulation installed. Spray insulation under the floor, High end appliances. High end bathroom including large soaking tub, bidet, and high end tile. Completely new Laundry room, Outside pavers. Each unit has separate utilities. Huge shop newly plumbed and electrical ran including 220, (if you wanted to create even more income or leave it as a shop) Separate power and water meters for each unit Two newer septic systems servicing all units High and dry island location-No Flood Ins. needed!- rare for this area! Excellent rental income potential Location Highlights: Minutes to Historic Downtown / St. George Street Walk to the Lighthouse 10 minutes to Anastasia State Park Walk to local restaurants, shops, and explore charming historic neighborhoods Less than 3 miles to the beach! This is your chance to own a truly versatile property in one of the most sought-after parts of the island. Whether you're looking to invest, live in one unit and rent the others, or renovate and expand-this triplex offers endless possibilities. Call today to schedule a private tour!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,100,000 |
| No. of Units: | 3 |
| Year Built: | 1950 |
| Opportunity Zone: | No |
| Price per unit: | $366,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-SJCBORFL-264495
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