Accepting Backups
$399,000

725 Cherokee Street
Jacksonville, FL 32205

Listed by COLDWELL BANKER VANGUARD REALTY - 9042697117
DAYS
On Market
43
Number of
Bedrooms
3
Number of
Bathrooms
2
Parking
Garage
2
TOTAL
Square Feet
1,096
Total
Sqft Price
$365
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Property Information

Multi-Family Property - Comfort & Investment Opportunity Discover a rare gem in Riverside, Jacksonville's premier neighborhood! This exceptional multi-family home blends comfort and lucrative investment potential, perfect for savvy investors or homeowners looking to offset mortgage costs. With over $45k in recent upgrades, this property is move-in ready and poised to generate significant rental income. The main house, located at 725 Cherokee Street, offers a spacious layout with 3 bedrooms and 2 bathrooms, encompassing 1,096 sq. ft. It boasts a fully updated kitchen and bathrooms, complete with new appliances, including a washer/dryer and Ring security cameras. Recent enhancements include a new water heater, a comprehensive $18,000 foundation upgrade, a privacy fence, a new garage door, and a converted storage unit. According to Redfin, the market value of the main house is currently estimated at $297k. In addition to the main residence, the property includes a detached apartment at 2855 Gilmore Street. This independent living space features 1 bedroom, 1 bathroom, a kitchen, a living area, and a dedicated den perfect for remote work. The apartment has undergone extensive updates, including new appliances, a washer/dryer, an efficient ac unit optimized for Florida's climate, fresh exterior and interior paint, a new privacy fence, landscaping, and a new garage door and storage unit. Zillow estimates the value of this unit at $130k, with rental potential ranging from $1,200 to $2,500 per month, which could significantly reduce the owner-occupied monthly payment by 50-100%. Strategically located just 5 minutes from downtown Jacksonville and 2 minutes from prime dining and shopping destinations, Riverside offers a perfect blend of urban accessibility and neighborhood charm. The property is competitively priced at $419, below the combined Redfin/Zillow estimates, and benefits from low property taxes. With the potential for interest rate drops, now is the ideal time to invest, as this property is likely to attract increased buyer interest and competitive bidding. This turnkey investment opportunity, with $45,000 in recent repairs and updates, is ready for immediate occupancy or rental. It is ideal for investors looking to capitalize on Jacksonville's thriving rental market or homeowners seeking to reduce living expenses through rental income. The property's versatility as a short-term rental, long-term lease, or Airbnb venue, combined with its status as the only multi-unit offering in Riverside, underscores its unique appeal. Riverside is renowned for its vibrant community, historic charm, and prime location. Owning a property here means enjoying the best of Jacksonville while securing a high-yield investment. This property offers substantial returns and lifestyle benefits in one of the nation's top job markets. Secure this Riverside gem before it becomes the target of competitive bidding. Ideal for investors and families seeking a lucrative, comfortable living arrangement in Jacksonville. Seller is offering a 5k credit for rate buy down and or ext painting with a full price offer, or Seller's financing for qualified buyers, 20% down, 5% Interest for 3 years If preferred lender is used, buyer will receive $1000 towards closing costs or buydown rate. Schedule a showing today! Contact us to explore this exceptional multi-family home and take advantage of its immense potential.

725 Cherokee Street is a home for sale for $399,000 in the Frazees Neighborhood located in Jacksonville, FL 32205 located in Frazees Neighborhood and is part of the Duval County . This home is 1,096 square feet and is located on a 0.12 acre lot and features 3 bedrooms and 2.0 bathrooms with a 2 car garage.

Nearby schools include Central Riverside School, Lake Shore School, and Riverside School.

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School Information

*School Boundaries are deemed reliable, but is not guaranteed and should be independently verified.

Property Information
Zoning Description
Residential
Lot Size Area
0.12
0.12 Acreage
Lot Features
Corner Lot
Water
Public
Zip Code
32205
1 Story
Tax Annual Amount
2166.32
Road Surface
Asphalt
Year Built
1938
Road Frontage Type
City Street
Roof
Shingle
Property Sub Type
Single Family Residence
Property Type
home
Location Information
State
FL
County
Duval County
City
Jacksonville
Area
Riverside
MLS Area Major
Riverside
Neighborhood
Frazees
Building Information
Entry Location
1
3 Bedrooms
2 Full Bathrooms
Living Area
1, 096 sqft
Architectural Style
Cottage
Interior Features
Dishwasher
Dryer
Electric Cooktop
Electric Oven
Electric Water Heater
Ice Maker
Microwave
Refrigerator
Washer
Fireplace
Floor Types
Tile, Wood
Security Features
Smoke Detector(s)
Primary Bathroom - Shower No Tub
Split Bedrooms
General Information
Living Square Footage
1096
Exterior Features
Patio & Porch Features
Front Porch, Rear Porch
Fencing
Wood
Garage & Parking Information
Parking Information
Detached, Garage
Utility Information
Cooling
Cooling
Central Air
Heating Type
Central, Electric
Sewer
Public Sewer
Utilities Available
Electricity Connected, Sewer Connected, Water Connected
Rooms Information
Bathrooms Total Integer
2
Laundry
In Unit

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725 Cherokee Street is a home for sale for $399,000 in Jacksonville FL, 32205 and is located in the Duval County area. This home is around 1,096 sqft. and is located on a 0 acre lot and features 3 bedrooms and 2 bathrooms with a 2 car garage. This home has been listed on BoldPorch since Feb 27, 2023 BoldPorch last checked and updated this listing on Jun 14, 2024 14:06.

Nearby schools include Central Riverside School, Lake Shore School, and Riverside School. This address can also be written as 725 Cherokee Street, Jacksonville, FL 32205.