2975 DELLWOOD AVE, JACKSONVILLE, FL 32205 (MLS# 908464)


$299,000
2975 DELLWOOD AVE
JACKSONVILLE, FL 32205
MLS# 908464
Status: Contingent Take Backup
6 beds  |  6 baths  |  3328 sqft


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Property Description
6 unit apartment building in up & coming Murray Hill sub-market. All six apartments are one bedroom one bathroom units and the building is 100% occupied. Huge value-add opportunity as rents are currently 20% below market. The building was remodeled 4 years ago with a new roof, new windows, all new plumbing, updated electrical, new stucco, and a light remodel on the interiors. Located on a quiet residential street, this low maintenance concrete block building will be a cash cow for the right investor. Potential NOI of over $30,000 and 10%+ cap rate after stabilization and rent increases to market rents. One water and sewer meter and individual electric meters, although Seller is currently paying for electric on 3 of the units. 5/6 leases are up in January to allow for quick rent increases

Details
Maps
Documents
Location, School & Taxes
Country: USA Lot: 18
Block: 3  


Property Description
Total # of units: 6 Current Zoning: RMD-A
Historic Area: N Waterfront Y/N: N
Navgble to Ocean Y/N: N Appx. Lot Dimensions: 80' x 100'


Directions and Remarks
Directions: From I-10 W, take Mcduff exit south. In 5 blocks, turn left onto Dellwood Ave. Building is 3 houses down, on the left.  


Stories
# Stories: 2  


Annual Fees & Income
Occupancy Rate: 100 Annual Property Tax: 2514.34
Annual Utilities: 3242.34 Annual Insurance Exp: 2947.86
Grs Pot Annual Rent: 46800 Exist Rental Income: 39600


Property Features
Type: Multi Units
Number of Units: 5 - 10 Units
Number of Buildings: 1 Building
Building Stories: 2 Stories
Square Foot Source: Tax Roll
Major Appliances: Range - Electric; Refrigerator
Amenities: Tile Floors
Type of Heating: Window/Wall Unit
Type of Cooling: Window/Wall Unit
Utilities: Water - Public; Sewer - Public; Sep Elect Meter(s); Common Water; Common Sewer
Water Heater: Electric Water Heatr
Structure: Concrete
Exterior Wall: Stucco
Pool: No Pool
Parking Facilities: 1 - 10 Spaces
One Bdrm Rentals: $501 to $600/Month
Present Rental Terms: Year
Rental Includes: Refrigerator; Range/Oven
Svcs Incl in Rent: Water; Sewer
Lot Description/View: Regular Lot
Lot Location: Dead End Street
New Buyer Expenses: Insurance; Real Estate Tax; Repairs & Mntenance; Lawn Maintenance; Licenses/Permits
Present Tenant Exp: All Electric
Present Common Exp: Water; Sewer
Road Surface: Asphalt Road
Possible Financing: Cash; Conventional; 1031 Exchange
Documents on File: Survey on File; Photos on File; Inv Analysis on File
Occupancy: Tenant Occp Lease
Export Options: Publish Address



Listing Office: MASH REALTY SERVICES, LLC

Last Updated: November - 13 - 2017

Information deemed reliable but not guaranteed.

Saturday 18th of November 2017 02:28 AM

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