218 19th Ave N 4 Unit Apartment Building $2,158,371 CAD ($539,593 CAD/Unit) 3.38% Cap Rate Jacksonville Beach, FL 32250

Exceptional Coastal Investment & Redevelopment Opportunity – East of 3rd Street
Positioned just two blocks from the Atlantic Ocean in highly desirable North Jacksonville Beach, this fully leased fourplex offers a rare combination of in-place income, flexibility, and long-term upside. Situated on an oversized 80’ x 141’ parcel and zoned JC-1 (limited commercial), the property presents multiple strategic paths for investors—from a stable hold with reliable income to a value-add repositioning or future redevelopment opportunity. With current min lot coverage, there is potential to add additional 4-plex to parcel. Each of the four 2-bedroom, 1-bath units is approximately 763 square feet, with several units featuring recent updates, demonstrating the potential for continued rent growth. Tenants enjoy separate metering for utilities, while the property offers ample on-site parking accommodating up to 12 vehicles—an uncommon amenity in this beachside location. The existing structure provides solid income with approximately $83,136 in annual gross revenue, allowing an investor to offset holding costs while evaluating long-term opportunities. Flexible lease terms further enhance optionality, providing the ability to adjust strategy as needed. With its premier location east of 3rd Street, proximity to the ocean, and favorable zoning, this offering represents a compelling opportunity for investors seeking both current income and future upside in one of Northeast Florida’s most desirable coastal markets.