239 E 16th Street, Jacksonville, FL 32206

Property Description

4-unit multifamily asset located on a quiet residential street in Springfield. Each unit features 2 bedrooms and 1 bathroom, with in-unit laundry, offering a highly desirable layout for long-term tenants. Concrete block construction provides durability, lower maintenance, and strong long-term performance. Major capital improvements already completed, including roof replacement (2019), partial replumb (2019), and electrical updates (2020). Property includes a shared backyard, adding tenant appeal. Each unit is separately metered for both electricity and water. This asset presents clear value-add opportunities to maximize rents through interior updates. Ideal for investors seeking a stabilized property with upside in a strong rental corridor close to downtown, Riverside, and major employment centers. A solid addition to any multifamily portfolio with immediate income and long-term appreciation potential.