1659 Dot St 2 Unit Apartment Building $159,000 ($79,500/Unit) Jacksonville, FL 32209

This fully leased duplex presents a rare corporate liquidation opportunity for investors seeking immediate cash flow in Jacksonville’s urban core. Both units are currently rented at $1,100 each, delivering a combined monthly income of $2,200 and annualized gross revenue of $26,400. Professional property management is already in place, offering operational ease and stability for both local and out-of-area owners.
Strategically located across from Edward Waters University dormitories, the property benefits from consistent rental demand within a population-rich neighborhood. The surrounding area provides quick access to schools, retail, and employment centers, enhancing long-term tenant retention prospects.
A cost analysis indicates strong performance metrics with estimated total annual expenses of $10,449, generating an approximate net operating income of $15,951. This equates to a monthly net of $1,329, positioning this asset as an attractive turnkey investment with immediate income and low operational oversight. Whether added to an existing portfolio or acquired as a first investment, this property delivers dependable returns and a proven tenant base in a market with continued growth potential.