Kari Sullivan
REALTORĀ® | Luxury Property Specialist
115 2ND Street, Jacksonville, FL 32206
Springfield
$1,750,000
$267/sq ft
Active
About This Home
A rare chance to acquire an irreplaceable 5-unit executive housing asset in the heart of Historic Springfield. Stabilized or repositioned, the numbers work either way. The building delivers four oversized 1BR/1.5BA residences (~1,100 SF each) and a true 2,288 SF penthouse occupying the entire third floor with 2 bedrooms, 2.5 baths, and sweeping views of Klutho Park and the downtown Jacksonville skyline. All five units feature in-unit laundry, which is a meaningful competitive advantage in this submarket. Pro forma gross income of $192,000 annually supports a projected ~8% cap rate at the asking price, based on executive lease rates of $2,750/month for the flats and $5,000/month for the penthouse. Current rents reflect an owner-occupied and partially furnished operation; two furnished units and the penthouse offer immediate repositioning upside. Delivery terms are negotiable. The rear yard amenity package, outdoor tiki bar, hot tub, sauna, and courtyard gathering space, creates a
Location
Features & Amenities
Interior Features
- Flooring: Laminate, Wood
Exterior Features
- Balcony
- Courtyard
- Fire Pit
- Outdoor Kitchen
- Historic Area
- On Street
- Back Yard
- Privacy
Property Details
Property Type:
Multi Family
Year Built:
1906
Lot Size:
0.15 Acres (6,534 sq ft)
Stories:
3
Property Tax (2025):
$14,968/year
Flooring:
Laminate, Wood
MLS #:
2128600
Utilities:
Sewer Connected, Water Connected