
Courtesy of: DOUGLAS ADDEO, COMMUNITY REALTY ASSOCIATES, addeod@comcast.net
$429,500
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8 bed
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4.00 Bath (4 Full)
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Lot: 0.25 Acres
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Other
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$429,500
720 WALNUT Street Historic Quadruplex + CBD Zoning. This is not just a multi-family investment -- it's a platform. CBD zoning unlocks multiple exit and value-add strategies: - Keep as residential multi-family: Stable cash-flowing quadruplex in a high-demand rental corridor , near Spring Park and the St. Johns River. - Convert to professional office or retail: CBD zoning permits commercial pivots -- law, medical, boutique retail, and more.- Mixed-use redevelopment: Ground-floor commercial with residential above -- a true ''missing middle'' asset in the Historic District. - Residential-style financing still available: 4-unit status qualifies for conventional mortgage terms despite commercial-grade zoning upside. The property features four 2 bed / 1 bath units (840 sq ft each) with metal roof. - Laundry hookup in each unit - Community front porch + picnic area - Vinyl siding - Off-street parking for 8 - 4-point inspection done (3 yrs ago, no issues) - Two heat/AC wall units per unit " Unit 2B vacant -- new flooring & paint, ready to rent " 3 units occupied, month-to-month, below market " Historic District -- walkable to Spring Park & St.
Courtesy of: DOUGLAS ADDEO, COMMUNITY REALTY ASSOCIATES, addeod@comcast.net
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