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5194 Spring Street

Jay FL 32565

2
1
2091 sq. ft.
Duplex
Currently for sale - view listing

Overview

Jay, FL - Duplex nestled on 0.22 acres in the heart of the city. Obtain a FHA loan with 3.5% down..live in one side and rent out the other apartment and let it pay your mortgage payment....Immediate rental income to add to your portfolio.. Presently Both apartments are currently rented for $1650.00/month for both month-to-month leases. The seller has completely remodeled one of the units prior to the last renter moving in. New windows were also installed, as well as a new metal roof installed in December 2022. The duplex is on city water and sewer. Great central location close to schools, shopping, and grocery stores. Both units have 3 bedrooms, 2 full bathrooms, central heat and air, plus a stove and refrigerator that stay with the apartments. The apartment facing Spring St is approximately 1200 sqft, and the apartment facing Williams St is approximately 800 sqft. Utilities average $125/month, ranging anywhere from $60-$185 depending on usage. Each unit is metered separately with EREC (Escambia River Electric Coop). Property is all electric, gas is not available. Trash and internet services are available at the renters? expense. Built to last in 1954 with a concrete block exterior and wood frame on a slab foundation.

Features

2 bathrooms
1 carspace
2091 sq. ft. floor area
Duplex

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Local market activity for duplexes in Jay

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(619) 566-0008
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