Listed by LAURA OLIVER of RE/MAX SPECIALISTS
Immediate income-producing, turnkey investment opportunity featuring 4 separately deeded townhomes offered as one portfolio at 3585, 3589, 3593 & 3597 Drexel Street. Built in 2022, this newer construction asset offers immediate income, low-maintenance ownership, and the rare flexibility to sell units individually-creating a built-in exit strategy for future appreciation. Each residence offers 3 bedrooms, 2.5 bathrooms, 1,480 sq ft, and an attached one-car garage. Floor plan features open-concept living on the first floor with kitchen, dining, and living areas - along with a half bath, plus 3 bedrooms and 2 full baths upstairs. All units are finished with consistent durable, low-maintenance materials including luxury vinyl plank flooring, shaker-style cabinetry, quartz countertops, and stainless steel appliances. Exterior features include Hardie siding, fully fenced yards, and irrigation systems for each unit. This income producing portfolio provides a mix of 3 long-term rental units and one fully furnished short-term rental with established performance history and professional management in place. (Furnishings convey with acceptable offer) Opportunity exists for increased returns through rent optimization or management adjustments. Photos shown only include the furnished short-term rental unit. All units share an identical floor plan, with cohesive finishes and overall condition. Located just minutes from the historic charm of San Marco Square and the scenic St. Johns River with easy access to premier dining, boutique shopping, and the Southbank Riverwalk. With a strong combination of stable long-term income and supplemental short-term rental revenue, this asset offers diversified cash flow in a low-maintenance, newer construction package. Ideal for investors seeking a 1031 exchange, portfolio expansion, or a flexible asset with multiple future exit strategies in a growing rental market.

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Federal 30-year interest rate: 6.36% last updated on May 14, 2026. * The above figures are estimates provided by Union Street Media using the FRED® API, and are not endorsed or certified by the Federal Reserve Bank of St. Louis. Check with your lender for actual interest rates.

 "Based on information submitted to Northeast Florida Association of REALTORS as of May 16, 2026 8:47 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

 
 

 

 

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