The Economic Benefits of Owning a Duplex
March 14, 2018 | Thomas Love
Duplexes can be great properties to own, and there are many reasons why such properties can be considered to be valuable, not the least of which is the income producing power of such properties. Think about it - you essentially have two residences under one roof. One to live in and one to rent - either short or long term for additional income that can be used to pay your mortgage down faster, or to improve your month to month cash flow. This income potential, coupled with the fact maintenance costs are lower, considering for instance that there is only one roof to maintain, makes duplexes and multi-family home a really compelling option in the real estate market.

Currently, we at Belle Époque Realty, have three duplexes listed, each of which encapsulates the benefits already outlined here. Each of these properties are in the Springfield Historic District, an area that not only provides a lower cost of entry that you will often see in other areas in the City of Jacksonville, but there is also, arguably, more potential for increased equity as property values are increasing in the Springfield neighborhood faster that what is currently seen in many other neighborhoods in the City.

The investment potential of the neighborhood is substantial, and the opportunities are numerous. Why not purchase a duplex in this flourishing neighborhood, and take advantage of the income producing potential of these amazing properties

The first property is 1714 N Market Street - A 2856 square foot duplex, featuring two apartments, one above the other (the standard arrangement for Springfield houses). Each apartment is beautifully finished, and features three bedrooms and 2.5 bathrooms. This house is under renovation and will be presented for sale soon. Each of these units can rent for $1200-$1300, taking a huge chunk out of your mortgage payment.



The second property is 1138 Walnut Street and is currently being offered for $400,000. This house also features two apartments, one over the other that each have three bedrooms and two full baths. Finishes for this property are of a high quality, and the structure has been completely renovated recently and features many new components.



The final property is another duplex - this one in the final stages of renovation and features over 3200 square feet. This one features two apartments with a smaller bedroom count - two each, and two full bathrooms. This property is distinguished by having large rooms, more so than the other two, and the ceilings are high and the house is characterized by wide open, airy, and light filled spaces. This house is being offered for $395,000.



Each of these properties would make outstanding investment/live-in opportunities and you can contact us anytime for additional information. 904-328-2245. 
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