Jacksonville, FL 32206 38 E 16TH Street
$525,000
8 more
Presented By: LEANA PRATTIS at EMERALD REALTY PARTNERS CORP - 904-830-1933
Beds • 7
Baths • 4
SQFT • 3,468
Home Details
Fully renovated 4-unit property in the heart of Springfield. Three units are operating as successful Airbnbs, each bringing in $1,600-$1,700/month. The fourth unit is rented at $950/month on a month-to-month lease. Total monthly income: ~$5,900 with potential to increase.
Each unit is separately metered for electric; owner pays water. All units have updated kitchens, bathrooms, HVACs, and modern finishes. Laundry on-site. Street parking available. Located minutes from Downtown, Main Street, and UF Health.
Investment Highlights:
List Price: $525,000
Gross Monthly Income: ~$5,900
Gross Annual Income: ~$70,800
Estimated Annual Expenses (taxes, insurance, water, maintenance): ~$13,100
Estimated Net Operating Income (NOI): ~$57,700
Estimated Cap Rate: ~11%
Perfect for investors looking for a performing asset with upside. Property is fully occupied and generating income from day one.
Presented By: LEANA PRATTIS at EMERALD REALTY PARTNERS CORP - 904-830-1933
Interior Features for 38 E 16TH Street
Bedrooms
Total Bedrooms7
Bathrooms
Half Baths0
Total Baths4
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NYes
Basement (Y/N)No
FlooringVinyl
Furnished Y/NFurnished
Heating Y/NYes
Total Stories2
General for 38 E 16TH Street
AppliancesElectric Oven, Electric Range, Microwave, Refrigerator
Attached Garage No
Carport Y/NNo
CashTrue
CityJacksonville
ConventionalTrue
CoolingCentral Air
CountyDuval
Current UseMulti-Family
Directionsfrom main street take 16th street east. quadplex will be on your right.
Electric On Property Y/NNo
Full Baths4
Garage Y/NNo
HOANo
HeatingCentral
Home Warranty Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal Description2-69 01-2S-26E NEW SPRINGFIELD LOT 16 BLK 37
Listing TermsCash, Conventional, FHA, VA Loan
Lot Size Square Feet5227.2
Lot Size UnitsAcres
MLS Area072-Springfield
MLS Area Minor072-Springfield
MobileHomeRemainsYNNo
ModificationTimestamp2025-05-09T14:46:14Z
New ConstructionNo
Number Of Units Total4
OwnerPaysTaxes, Water
PossessionClose Of Escrow, Subject To Tenant Rights
Property Attached Y/NNo
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameSpringfield
Tax Annual Amount5933.46
Tax Year2024
Tenant PaysElectricity
UtilitiesCable Connected, Electricity Connected, Sewer Connected, Water Connected
Waterfront Y/NNo
Year Built1929
Exterior for 38 E 16TH Street
Crops Included Y/NNo
Exterior AmenitiesBalcony
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesHistoric Area
Lot Size Acres0.12
Lot Size Area0.12
Open Parking Y/NNo
Parking FeaturesOn Street
SpaNo
Water SourcePublic
Additional Details
Price History
Diana Renee Anderson
Managing Broker | Owner | REALTOR | Coach