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Listing 10 out of 289
$2,600,000 For Sale

1423 Union St W
Jacksonville, FL 32209

52 units | Multi Family Home - MLS# 966140
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Description

52 units total in this portfolio of 4-plex and 2-plex concrete block properties! Total of parcels 19 total with LOW annual property tax assessments! Proposed taxes approx. $7,000/yr. for entire portfolio. Potential gross rent of $409,000 a year with the right updates/business strategy! Nearly all units occupied. This perfect package for experienced multi-family unit manager/investor; start a fresh portfolio or merge with existing one. Great potential to migrate to HUD/Section 8 tenancies only. Many mandatory updates made by latest owner, including new electrical panels and other significant updates in select units. More updates required to command highest potential rent. A $409k/annual gross rent potential based on boosting rents from the current $500 to $550 price points to $650.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Duval County
  • Zip Code: 32209
  • Subdivision/Neighborhood: Paxon, Paxon
  • Sq.Ft.: 2,500 sq ft
  • Stories: 1-Story
  • Units: 52 units
  • Bedrooms: 8
  • Full Baths: 4
  • Baths: 4
  • Building Stories: 2 Stories
  • Lot Description/View: Regular Lot
  • Number Of Stories: 1
  • Number Of Units: 50 - 100 Units
  • Number of Buildings: 1 Building
  • Occupancy: At Closing
  • Parking Facilities: Other Parking
  • Possible Financing: Cash, Conventional
  • Region: 07-Springfield/Downtown/Paxon/Trout River South
  • Road Surface: Concrete Road
  • Square Foot Source: Tax Roll
  • Structure: Concrete
  • Type of Cooling: Central Cooling, Window/Wall Unit
  • Type of Heating: Central Heating, Window/Wall Unit
Courtesy of Love Realty, Inc

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