816 - 818 Bay St, Green Cove Springs, FL 32043

Description

TURNKEY INVESTMENT OPPORTUNITY IN GROWING GREEN COVE SPRINGS! Don't miss this opportunity to own a newer-construction, income-producing duplex in one of Northeast Florida's growing communities! Built in 2018, this well-maintained property features two spacious units, each offering 3 bedrooms, 2 full bathrooms, and a private 1-car garage. Both units are fully leased, generating $39,600 in annual gross rental income, providing investors with immediate cash flow from day one! Located in the heart of Green Cove Springs, this property is positioned to benefit from the continued residential and commercial growth throughout Clay County. The area's expanding housing developments, improving transportation infrastructure, and proximity to Jacksonville make Green Cove Springs an attractive location for residents seeking affordability, convenience, and small-town charm. Residents enjoy convenient access to historic downtown Green Cove Springs, the St. Johns River, Spring Park, local shopping, restaurants, and major transportation corridors, including US Highway 17 and the developing First Coast Expressway. With its modern construction, desirable three-bedroom floor plans, attached garages, and established rental income, this duplex offers an appealing combination of immediate income and long-term investment potential. The property's relatively recent construction may also help reduce near-term capital improvement requirements compared to older rental properties. Whether you're expanding an existing rental portfolio or purchasing your first investment property, this fully occupied duplex offers an excellent opportunity to invest in the future of Green Cove Springs!