Description

Turnkey income-producing property operating as a room-by-room rental (PadSplit model) in a highly desirable Jacksonville location. This asset is already set up to generate consistent cash flow with minimal repositioning needed. Current rental breakdown: Room 1: $650/month Room 2: $650/month Room 3: $600/month Total monthly income: $1,900 Property has been updated, with interior renovations and a new roof completed in 2021, reducing near-term capital expenditure concerns and making it a solid, low-maintenance addition to any portfolio. Ideal for investors looking to capitalize on the growing demand for affordable housing and co-living arrangements. Continue operating as-is for immediate income, or transition to a traditional rental or short/mid-term strategy depending on your investment goals. Located in the Riverside/Murray Hill area, with close proximity to Downtown Jacksonville, major roadways, dining, and employment centers--making it attractive to a wide tenant pool.

Financial

Property