1423 UNION ST W, JACKSONVILLE, FL 32209 (MLS# 966116)


$2,600,000
1423 UNION ST W
JACKSONVILLE, FL 32209
MLS# 966116



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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.

Details
Maps
Property Description
Waterfront Y/N: N Navgble to Ocean Y/N: N
Current Zoning: Residential Total Bldg SqFt: 2500
Type: Multi-Family  


Directions and Remarks
Directions: All listed properties are located throughout Jacksonville FL.  


Property Features
Present Use/Zoned: Res - Multi-Family
Square Foot Source: Tax Roll
Number of Buildings: 7+ Bldgs
Building Stories: 2 Stories
Number of Units: 51 - 75 Units
Utilities: Water - Public
Condition: Good; Needs Repair
Development Status: Other
Parking Facilities: No Covered Parking
Lot Description/View: Regular Lot
Road Surface: Concrete Road
Tenant Expenses: Utilities
Possible Financing: Cash; Conventional; Owner Financing
Export Options: Publish Address



Listing Office: LOVE REALTY, INC

Last Updated: November - 08 - 2018

Information deemed reliable but not guaranteed.

Sunday 16th of December 2018 04:03 PM

Contact Traditions Realty at (904) 683-5230 to Speak to an Agent >>