1423 Union W St.

Jacksonville, Florida 32209
$2,350,000
MLS#: 966140
8 bed / 4 full bath / 2,500 sq ft
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Multi Family Home for sale in Jacksonville, Florida for $2,350,000 with 8 bedrooms and 4 bathrooms. This property is 2,500 square foot.

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.

Listing courtesy of LOVE REALTY, INC

Property Details

Price: $2,350,000
Bedrooms: 8
Bathrooms: 4 Full
Total Rooms/Units: 52
Square feet: 2,500
County: Duval
City: Jacksonville
Neighborhood: Paxon
MLS #: 966140
Status: Active
Listed on: 1/15/2019

Interior Features

Cooling: Central Cooling, Window/Wall Unit
Heating: Central Heating, Window/Wall Unit

Exterior Features

Lot Description: Regular Lot
Parking & Garage: Other Parking
Pool/Hot Tub: No Pool
Road Surface: Concrete Road

Directions

All listed properties are located throughout Jacksonville FL.

©2019 Northeast Florida Multiple Listing Service, Inc. All rights reserved.
This data up-to-date as of 3/23/2019 2:13:04 PM.
For the most current information, contact Davidson Realty, Inc., (904) 940-5000, info@davidsonrealtyinc.com.

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