$1,285,000
**Rare Four-Unit Investment Opportunity Just Steps from the Atlantic Ocean in Neptune Beach!** Located on highly desirable 1st Street, this established quadruplex offers an exceptional opportunity to own an income-producing property in one of Northeast Florida's most sought-after coastal communities. Four individual studio-style residences, each with a full kitchen and private bath, provide multiple income streams from a single property--all within approximately one block of the beach. Situated on a **70' x 60' corner parcel** with frontage along 1st Street and Margaret Street, the property enjoys excellent visibility, convenient off-street parking and the unmistakable character of old Neptune Beach. Mature palms, established landscaping and classic coastal architecture give the property an authentic beach-town feel, while the aerial photography dramatically showcases its proximity to the ocean.
The property has benefited from numerous improvements over the years, including a roof reported replaced in approximately 2015 and plumbing and electrical updates. More recent improvements include replacement window A/C units in multiple residences, new tile in Unit 1919, a replacement sliding door in Unit 1923 and rebuilding of the trash-area fence. The 2021 four-point inspection also documented four individual 60-amp electrical panels and plumbing updates.
Just blocks from the restaurants, shopping and lifestyle that make the Beaches so desirable, this is the type of property that rarely becomes available: **four rental units, a corner location, and the Atlantic Ocean practically at your doorstep.**
**1917-1923 1st Street -- own the income, the location and a piece of Neptune Beach.**
4
Beds
⋅
4
Baths
⋅
2163471
MLS
1917 1st Street, Neptune Beach
Courtesy of BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Listing courtesy of BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY.
Listing courtesy of TRACEY PAULSEN from BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY.