$270,000
311 W ASHLEY Street 305 A&B, Jacksonville, FL 32202, Jacksonville, FL 32202
Residences At City Place
- Price
- $270,000
- Beds / Baths
- 2 / 2
- Living area
- 984 sqft
- Year built
- 1949
- Type
- MultiFamily
- Lot
- —
- Garage
- 0
- HOA
- $950/mo
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 96
DOWNTOWN JACKSONVILLE 3rd Floor Condo DUPLEX: 7.78% CAP ($21K NOI) with 2 KEYS and POTENTIAL FOR 4 KEYS TOTAL! Located in Residences at City Place, this single deeded parcel features a dual-key floor plan with 2 private units (A&B) behind 1 main entry door for true DUPLEX cash flow. This renovated, fully furnished property offers a turnkey dual-income layout optimized for STR/MTR performance. Controlling 2 doors in 1 asset mitigates vacancy risk and maximizes earnings on Airbnb, Furnished Finder, or VRBO. Situated in Downtown Jax's Gateway Jax and Pearl Square growth zone near EverBank Stadium (Go Jags!), Daily's Place, VyStar Arena, UF Health, and the Federal Courthouse. Amenities: fitness center, clubhouse, elevators, key-card entry, and laundry. Turnkey 1031 Exchange Asset. Bundle with Unit 701 A&B (MLS #2149215) to control 4 keys at an 8.22% blended proforma CAP rate. Cash only, no creative financing.
What to check on this one
- Verify actual flood zone designation and elevation certificate requirement with county.
- Confirm HOA $950/mo covers what; review condo docs for rental restrictions on STR/MTR.
- Obtain condo milestone/SIRS report; verify building envelope and structural systems status.
- Confirm roof age and current insurance eligibility; get 4-point inspection pre-closing.
- Review dual-key deed structure and title; verify both units legally rentable separately.
- Validate $21K NOI claim with actual lease/booking history; confirm furnished inventory included.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $216,000 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of JPAR CITY AND BEACH. Data via realMLS (Northeast Florida MLS), updated Jul 21, 2026, 9:06 PM.
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