2321 Riverside Ave

This offering is one of three multifamily properties available within the same Riverside submarket. Additional investment opportunities include 1521 McDuff Avenue and 3212 Herschel St, allowing buyers the option to acquire a single asset or assemble a small portfolio in a high-demand, historic neighborhood. Nestled in the heart of Riverside, this charming 1925 two-story, Norwegian brick quadplex is a rare find for investors seeking passive rental income and long-term appreciation. This historic property presents an exceptional opportunity for thoughtful updates and enhancements, allowing you to unlock its full potential. With strategic renovations and improvements, there is significant room to elevate both the property's appeal and rental value, positioning it for stronger returns. This is a prime value-add investment, offering the chance to blend historic charm with modern upgrades to maximize long-term appreciation and income potential. Zoned CRO (Commercial Residential Office), this versatile property allows for both residential and commercial use, making it ideal for traditional rentals, short-term stays, or office space. Each of the four units features original wood floors, high ceilings, and an inviting 2-bedroom, 1-bath layout filled with natural light. The building has both front and back stairs with ingress and egress for each unit on each staircase. The solid brick construction ensures lasting durability while maintaining its timeless charm. Roof was replaced in 2018, all HVAC's replaced in 2017, and plumbing & electrical upgrades throughout. Located in a high-demand rental market, this property is just minutes from St. Vincents Hospital, Five Points, the St. Johns River, and downtown Jacksonville. Tenants will enjoy walkability to some of the city's best dining, shopping, and entertainment options. Whether you're an investor looking to expand your portfolio or an entrepreneur seeking passive income, this prime Riverside quadplex offers endless potential. Don't miss this exceptional opportunity to schedule your showing today! Leases, all month-to-month except Unit D Unit A - $1,600 pm Unit B - $1,500 pm Unit C - $1,400 pm Unit D - $1,500 pm, annual lease expires Jan 31, 2027. Annual insurance $12,400.00. Other average monthly expenses: Security, electricity - exterior and hallway lights $49.17 Water $63.02 Sewer $109.61 Gas for hot water $87.99 Electricity is individually metered, water and sewer are master metered. Financials and rent rolls are not available. Leases provided on request. Roof 2018 HVAC 2017 Plumbing and electrical upgrades throughout. CRO Zoning for residential or commercial use. Off street parking, 8 spaces. Please also refer to the documents attached to the listing.