$1,245,000
**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
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4
Baths
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2163471
MLS
1917 1st Street, Neptune Beach