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404 Margaret St
Neptune Beach, FL 32266
Margaret st. Quadplex · Multifamily Property For Sale
·
4 Units
Investment Highlights
- turnkey investment property with 4 units
- fully furnished, ready to move in
- fully remodeled
Executive Summary
Turnkey Beachside Quadplex | Strong Rental Income | Fully Remodeled & Furnished: An exceptional opportunity to own a fully renovated, income-producing quadplex just blocks from the beach. This turnkey investment is 100% furnished and ready to operate from day one, with a proven track record of strong, consistent rental revenue. Each unit has been completely remodeled from top to bottom, including new roof, plumbing, electrical, drywall, flooring, paint, appliances, and all new furniture—offering peace of mind and minimal future maintenance. No detail was overlooked, making this a true hands-off investment. The property's prime coastal location drives high demand for both short-term and long-term rentals. Guests and tenants love the easy walk to the beach, nearby dining, and entertainment, which has translated into excellent occupancy and rental performance.
Property Facts
| Price Per Unit | $387,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 7.98% | Building Size | 3,000 SF |
| Gross Rent Multiplier | 9.8 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1947/2022 |
| Property Subtype | Apartment | Parking Ratio | 3/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | NR-3 - Neighborhood Residential | ||
| Price Per Unit | $387,500 |
| Sale Type | Investment |
| Cap Rate | 7.98% |
| Gross Rent Multiplier | 9.8 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1947/2022 |
| Parking Ratio | 3/1,000 SF |
| Zoning | NR-3 - Neighborhood Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+4 | 4 | $3,000 | - |
Property Taxes
| Parcel Number | 173538-0000 | Improvements Assessment | $480,831 |
| Land Assessment | $349,419 | Total Assessment | $830,250 |
Property Taxes
Parcel Number
173538-0000
Land Assessment
$349,419
Improvements Assessment
$480,831
Total Assessment
$830,250
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