$270,000
311 W ASHLEY Street 701 A&B, Jacksonville, FL 32202, Jacksonville, FL 32202
Residences At City Place
- Price
- $270,000
- Beds / Baths
- 1 / 0
- Living area
- 1,026 sqft
- Year built
- 1949
- Type
- MultiFamily
- Lot
- —
- Garage
- 0
- HOA
- $951/mo
- CDD
- No
- Flood zone
- Unknown
- County
- Duval
- Days on market
- 87
DOWNTOWN JACKSONVILLE 7th Floor Condo DUPLEX: 8.28% PROFORMA CAP ($22K NOI) with 2 KEYS and POTENTIAL FOR 4 KEYS TOTAL! Your guests will enjoy elevated city views from the 7th floor of Residences at City Place. Engineered for DUPLEX cash flow, this single deeded corner parcel features a dual-key floor plan with 2 private units behind 1 main entry door, headlined by a spacious 1BR corner suite. Fully furnished and turnkey-ready for maximum STR/MTR performance across Airbnb, Furnished Finder, or VRBO. Holding 2 doors under 1 deed minimizes total vacancy risk. Located 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. Combine with Unit 305 A&B (MLS #2147558) to expand to 4 keys at an 8.22% blended proforma CAP rate. Cash only, no creative financing.
What to check on this one
- Verify condo SIRS report and milestone funding status—1949 building requires current engineering assessment.
- Confirm flood zone designation and obtain elevation certificate for 7th-floor unit.
- Review condo HOA docs: rental restrictions, STR/MTR lease-term limits, and approval process.
- Inspect roof age and 4-point insurance inspection report; verify insurer will cover 77-year-old structure.
- Validate $22K NOI proforma; request 24 months actual rental revenue and expense documentation.
- Confirm both units titled under single deed; review dual-key plumbing/HVAC/electrical separation for liability.
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, 9:07 PM.
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