Listed by STANLEY H BISHOP of NORTH FLORIDA REALTY ADVISORS
TURNKEY INVESTMENT OPPORTUNITY IN GROWING GREEN COVE SPRINGS! Don't miss this opportunity to own a newer-construction, income-producing duplex in one of Northeast Florida's growing communities! Built in 2018, this well-maintained property features two spacious units, each offering 3 bedrooms, 2 full bathrooms, and a private 1-car garage. Both units are fully leased, generating $39,600 in annual gross rental income, providing investors with immediate cash flow from day one! Located in the heart of Green Cove Springs, this property is positioned to benefit from the continued residential and commercial growth throughout Clay County. The area's expanding housing developments, improving transportation infrastructure, and proximity to Jacksonville make Green Cove Springs an attractive location for residents seeking affordability, convenience, and small-town charm. Residents enjoy convenient access to historic downtown Green Cove Springs, the St. Johns River, Spring Park, local shopping, restaurants, and major transportation corridors, including US Highway 17 and the developing First Coast Expressway. With its modern construction, desirable three-bedroom floor plans, attached garages, and established rental income, this duplex offers an appealing combination of immediate income and long-term investment potential. The property's relatively recent construction may also help reduce near-term capital improvement requirements compared to older rental properties. Whether you're expanding an existing rental portfolio or purchasing your first investment property, this fully occupied duplex offers an excellent opportunity to invest in the future of Green Cove Springs!

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Property Details of 816 - 818 Bay Street

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Federal 30-year interest rate: 7.24% last updated on Oct 29, 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 October 31, 2026 6:46 AM 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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