Supplements: The building has approximately $42,000 in recent capital improvements, including a complete electrical rewire with four new 100-amp panels, new CPVC water lines and PVC drain lines, exterior painting, kitchen renovations in Units 2 and 3, updated fans and fixtures, and a new shared exterior washer and dryer. The location is one of Pine Grove's gre ... (Read more) The building has approximately $42,000 in recent capital improvements, including a complete electrical rewire with four new 100-amp panels, new CPVC water lines and PVC drain lines, exterior painting, kitchen renovations in Units 2 and 3, updated fans and fixtures, and a new shared exterior washer and dryer. The location is one of Pine Grove's greatest assets. Located in one of the most walkable areas of Jacksonville, residents can step out the front door for a stroll in Boone Park or walk a few blocks to the Shoppes of Avondale where they can find neighborhood cafés, restaurants, and boutiques. The St. Johns River is also just a few blocks away, with small neighborhood pocket parks offering places to fish, sit by the water or simply enjoy the view. Outside, the property offers something increasingly hard to find in an urban multifamily investment: a large backyard with mature trees and plenty of room for tenants to enjoy outdoor space. Opportunities to purchase a historic four-unit property in the Avondale Historic District are increasingly rare—particularly one with this combination of location, established income, major recent improvements and neighborhood lifestyle.. Pine Grove offers a compelling combination of historic character, income and future upside in one of Jacksonville's most desirable and walkable historic neighborhoods.