806 OAK ST, Green Cove Springs, FL 32043 – 2125520 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$3,250,000

Est. payment - /mo

30 Baths

18,437 SqFt

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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,437 sqft

Price per Sqft $176

MLS Listing ID 2125520

HOA Y/N No

Year Built 2021

Annual Tax Amount $41,490

Lot Size 1.300 Acres

Acres 1.3

Property Sub-Type Multi Family

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

Investment Opportunity - Newer Construction Multifamily in Growth Corridor

806 Oak St presents a rare opportunity to acquire a modern, income-producing multifamily asset in the heart of Green Cove Springs, FL. Built in 2021, this well-designed apartment complex consists of 17 total units with a strong and diverse unit mix:

Four (4) 3BR / 2BA units

Nine (9) 2BR + office / 2BA units

Four (4) 2BR / 1BA units

The property was constructed with a focus on energy efficiency, including foam insulation in the attic, helping reduce operating costs while enhancing tenant comfort.

The site is approved for eight (8) single-car garages, offering a clear path for additional income upside through future development. An appraisal is on file, providing added confidence for investors and lenders. Strategically located, the property benefits from significant area growth, with over 10,000 new homes approved within a 2-mile radius and a new outbeltway expressway extension nearby, improving regional access and long-term demand.

Green Cove Springs is a historic and desirable riverfront community, often referred to as the 19th-century "Saratoga of the South." Known for its natural warm mineral springs, St. Johns River access, parks, and small-town charm, the area offers a unique lifestyle with easy connectivity to Jacksonvillemaking it attractive to both long-term residents and commuters.

At full occupancy, the property offers a projected gross income of approximately $340,000, with further upside through garage rentals and continued market rent growth.

Ideal for investors seeking newer construction, stable cash flow, and long-term appreciation in a rapidly growing North Florida submarket.

Location

State FL

County Clay

Area 161-Green Cove Springs

Direction From Hwy 17 S., turn right onto Oak St. The property is located on your right.

Exterior

Parking Features Unassigned

Utilities Available Cable Available

Roof Type Shingle

Private Pool No

Building

Lot Description Cleared

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 38062601699900100

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Listed by NORTH FLORIDA REALTY ADVISORS • STANLEY H BISHOP

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262

806 OAK ST Green Cove Springs, FL 32043

Joseph Lam

Key Details

Location

Exterior

Building

Others

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806 OAK ST