1423 Union St W

    Jacksonville, FL 32209
    • $2,600,000
    • STATUS: Active
    • ON SITE: 4 days
    • MLS #: 966140
    New On Site 4 Days Ago
    UPDATED: 69 min ago
    $2,600,000
    • 8
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,500
      SQFT
    • $1,040
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator



    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Florida Homes Realty & Mortgage are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-11-13T14:24:48.543.

    Digital Millennium Copyright Act
    www.locatenorthfloridahomes.com/homes/89246673

    1423 Union St W Jacksonville, FL 32209

    • Price: $2,600,000
    • Status: Active
    • Updated: 69 min ago
    • MLS #: 966140
    8
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,500
    SQFT
    $1,040
    $/SQFT
    Neighborhood:
    Paxon
    County:
    Duval
    Area:
    07-Springfield/Downtown/Paxon/Trout River South
    Property 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.
    Exterior Features

    Building Stories 2 Stories Lot Description Regular Lot Navigable To Ocean YN No Parking Facilities Other Parking Pool No Pool Road Surface Concrete Road Structure Concrete Waterfront YN No

    Interior Features

    Cooling Central CoolingWindow/Wall Unit Heating Central HeatingWindow/Wall Unit

    Property Features

    Buildings 1 Building Country Usa Historic Area No Legal Name Of Subdiv Paxon Multifamily Type DuplexFour-PlexSngl Family-DetachedTri-Plex Occupancy At Closing Possible Financing CashConventional Present Rental Terms Year Square Foot Source Tax Roll Two Bedroom Rentals $501 To $600/Month$601 To $700/Month Units 50 - 100 Units

    Listing courtesy of Love Realty, Inc.


    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Florida Homes Realty & Mortgage are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-11-13T14:24:48.543.

    Digital Millennium Copyright Act
     
    Florida Homes Realty & Mortgage
    184 St. Road 312
    St. Augustine FL, 32086