116 W 7th Street, Jacksonville, FL 32206

Property Description

Built in 1912 by J.R. Dickerson. Both units are leased, income starts the day you close. Upstairs is renting at $1,575 a month, downstairs at $1,630, both locked in for a year. That's $3,205 a month in gross rent on day one, no vacancy gap, no lease-up period. This duplex on W 7th has original heart of pine floors, fireplaces, and a butler's pantry with 3 built-ins still doing their job as a prep station and storage. An additional built-in in the hall adds even more storage. Both levels open onto covered porches, a signature Craftsman detail, two blocks from Main Street. 4-point insurance inspections are available on request if you want to see the numbers before you make an offer. If you've been looking for a Springfield property that pencils out from day one, this one's worth a look. Upstairs leased until 10/31/27 ($1575.) Downstairs leased until 8/30/27 ($1630.) Offering immediate rental income from day one. (SF estimated.) Investors ask about a DSCR loa