38 E 16TH ST Jacksonville, FL 32206

Fully renovated 4-unit property in the heart of Springfield. Three units are operating as successful Airbnbs, each bringing in $1,600-$1,700/month. The fourth unit is rented at $950/month on a month-to-month lease. Total monthly income: ~$5,900 with potential to increase.

Each unit is separately metered for electric; owner pays water. All units have updated kitchens, bathrooms, HVACs, and modern finishes. Laundry on-site. Street parking available. Located minutes from Downtown, Main Street, and UF Health.

Investment Highlights:

List Price: $525,000

Gross Monthly Income: ~$5,900

Gross Annual Income: ~$70,800

Estimated Annual Expenses (taxes, insurance, water, maintenance): ~$13,100

Estimated Net Operating Income (NOI): ~$57,700

Estimated Cap Rate: ~11%

Perfect for investors looking for a performing asset with upside. Property is fully occupied and generating income from day one.