Listed by PETER PACIFICO of PACIFICO PROPERTIES
Riverside/Avondale Income + Owner/Occupant opportunity--King Street Corridor! 1031 Exchange opportunity! Restored 1924 Craftsman bungalow (2747 Forbes St) 3BR/1BA/1270 sqft main house plus a detached (2745 Forbes Street) 1BR/1BA/600 sqft apartment over the 2-car garage: separate building, separately metered, most recently leased at $1,225/mo (one garage assigned to detached unit; one garage assigned to main house). Projected combined rents ~$3,475/mo (~$41,700/yr). Heavy lifting done: Ram Jack foundation, new roof on both structures, new HVAC, updated electrical, new water heater. Flexible use: Multi-generational, rental, in-law/guest, studio, or home office. Original hardwoods, updated kitchen & bath, historic character throughout. Moments from 5 Points, Willowbranch & Riverside Parks, and the Shoppes of Avondale. Combined building area reflects both structures incl. garage. Main house rents projected: buyer to verify income, expenses, square footage, schools & use.

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Federal 30-year interest rate: 6.69% last updated on Aug 6, 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 August 13, 2026 6:17 PM UTC . 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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