The story
This charming 1926 turn-key duplex in one of Jacksonville's most desirable urban neighborhoods combines historic character, walkability and established rental income. The home has two one bedroom, one-bath apartments, each with its own front and rear entrance. Each includes light-filled spaces with separate living and sleeping areas, an open office area, kitchens and baths, in-unit washer and dryers, electronic keyless entry, and a shady, shared backyard. This classic bungalow style duplex retains many of the original details that make historic properties special, including original hardwood floors, period wood trim, glass doorknobs, a decorative fireplace in one unit, and prairie-style windows. The location is highly desirable and contributes to the continued high rental demand. Set within the Riverside Avondale Historic District, the property is within walking distance of Willowbranch Park and Library, the Riverside Community Garden and the new Peace Memorial Park & Labyrinth. The surrounding historic neighborhood, tree-lined streets and walkability add to the property's long-term appeal for tenants. The property has enjoyed a strong rental history with extremely low vacancy, providing established income from day one. Capital improvements include CPVC water lines and PVC plumbing, 2987 HVAC replacement, 2989 Water heater replacement, painting and termite bond. For an investor looking for a character-rich rental property in Jacksonville's urban core, 2987-2989 Collier Avenue offers the combination that can be difficult to find: historic appeal, proven rental demand and an established income stream with opportunity for continued improvements over time. This property is also listed under Residential Income MLS #2167516
