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Josh Cotton

josh@welcomehome904.com +1(904) 982-8461

$ 2,814,000

Est. payment | -/mo

26 Beds

17 Baths

11,749 SqFt

Save

$ 2,814,000

Est. payment | -/mo

Save

26 Beds

17 Baths

11,749 SqFt

Key Details

Property Type Multi-Family, Multi Unit, Duplex/Multi Unit Lot

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,749 sqft

Price per Sqft $239

Subdivision Grand Park

MLS Listing ID 2165796

Bedrooms 26

Full Baths 15

Half Baths 2

HOA Y/N No

Year Built 1968

Annual Tax Amount $36,391

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Multi Family

Source realMLS (Northeast Florida Multiple Listing Service)

Property Description

Incredible and unique opportunity to acquire a diversified collection of six residential investment properties across Jacksonville, ranging from historic multifamily assets in the city's highly desirable urban core neighborhoods to renovated single-family residential rental properties in established neighborhoods. The portfolio combines established rental income with multiple investment strategies, including traditional long-term rentals, furnished short- and mid-term rentals, workforce rentals, historic multifamily housing and properties offering potential future owner-occupant appeal. Several of the signature assets are located within Jacksonville's established historic neighborhoods, where walkability, architectural character and limited multifamily inventory support strong long-term rental demand. Other properties provide high-yield opportunities at accessible acquisition prices as well as exposure to newer suburban residential communities. Across the portfolio, ownership has completed significant improvements including electrical and plumbing upgrades, renovated kitchens and baths, newer roofing and HVAC systems, interior renovations and other capital improvements totalling over $100,000. The properties may be considered individually or as a portfolio acquisition. Portfolio Highlights: *Diversified residential portfolio with six properties and 14 total residential units/homes. *Urban-core concentration with assets in Avondale, Murray Hill, Riverside and Lakeshore, plus Oakleaf-area and Grand Park single-family rentals. *Multiple leasing strategies: long-term rentals, furnished short/mid-term rentals, workforce rentals, duplex/quadruplex income, single-family rentals and future owner-occupant appeal. *Immediate scheduled monthly rent of approximately $21,495 based on current/pro forma figures provided. *Significant capital improvements across the portfolio, including electrical, plumbing, roof, HVAC, kitchens, baths and interior improvements. Approximate Capital Improvements total $102,816 *Historic and walkable assets in Avondale, Riverside, and Murray Hill offer a lifestyle that supports strong tenant demand. *Opportunity to acquire the full portfolio, select assets, or individual properties with different risk/return profiles. The Properties Include: 1718 Pine Grove Avenue, Jacksonville, FL 32205 3520 Post Street, Jacksonville, FL 32205 2987-2989 Collier Avenue, Jacksonville, FL 32205 5202 Birkenhead Road / 2308 Harvester Street, Jacksonville, FL 32210 502 Deercroft Lane, Orange Park, FL 32065 2564 W. 23rd Street, Jacksonville, FL 32209

Location

State FL

County Duval

Community Grand Park

Area 075-Trout River/College Park/Ribault Manor

Direction This is a 7 building, 6 property Portfolio for Sale. Addresses are listed in the description.

Interior

Heating Central, Varies by Unit

Cooling Central Air, Varies by Unit, Wall/Window Unit(s)

Flooring Laminate, Tile, Wood

Furnishings Partially

Laundry Multiple Locations

Exterior

Parking Features Other

Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available

Roof Type Other

Garage No

Private Pool No

Building

Lot Description Historic Area, Other

Sewer Public Sewer, Septic Tank

Water Public

Structure Type Brick,Block,Stucco,Wood Siding

New Construction No

Others

Tax ID 0477990000

Security Features Other

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by COWFORD REALTY & DESIGN LLC • CARMEN GODWIN

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 982-8461

josh@welcomehome904.com

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2564 W 23RD ST Jacksonville, FL 32209