Auction.com and The Kern Company present the opportunity to acquire Heron Cove Reserve, a 100% occupied, multi-family property, with 16 units in two 8-unit buildings in Jacksonville, FL. The property is located within a private/gated community and was originally built in 2007 and completed/occupied in 2011. The property is located across from marsh land and enjoys scenic marsh and stunning scenery. The Heron Cove Reserve is conveniently located within easy access, only 15 minutes from both downtown Jacksonville CBD and Jacksonville International Airport, and 25 minutes to Jacksonville beaches. Additionally, the property is just minutes from the Jacksonville Zoological Gardens and River City Marketplace containing over 100+ retailers including Walmart, Lowes and Hollywood Theatres.Please Note, the clubhouse and pool are owned by a separate entity and are NOT included in this sale.
REDUCED! MUST SELL THIS WEEK! $212,500 or BEST OFFER BUYS FOUR BEAUTIFUL AND FULLY RENTED HOUSES - ALL CASH BUYERS ONLY! All Four houses are rented to Great Tenants. Gross Rents are $3200 a month/ $38,400 a Year. The estimated net income of these four properties is $ 28,320 which is approximately 13.5% a year return after all costs including Management. Each house is in great condition and they all have a lot of recent improvements--see descriptions below. Nothing to do but collect rent. We have an excellent property manager as well, who we are happy to refer once a contract and deposit are in place. All four houses are near Downtown Jacksonville, Florida which is one of the 11 largest cities in the United States. 4517 Perry Street, Jacksonville, Florida is a 3 Bedroom/2 Full Bath House which is in a nice quiet neighborhood known as Brentwood and located very close to Historic Springfield where houses are selling in the hundreds of thousands of dollars. The house has been renovated from top to bottom. Improvements include:
- Cambridge Park Apartments is conveniently located off of University Boulevard in South Arlington and is in close proximity to shopping, restaurants and entertainment venues. The property is just minutes from Downtown Jacksonville, where more than 70,000 people are employed. - The property is a pet free community that includes newly upgraded apartments, on-site clothes care center, courtyard, BBQ picnic area, and surface lot parking. - Each apartment home features new flooring, separate dining areas and large walk-in closets. All kitchens contain brand new appliance packages, built-in microwaves, resurfaced cabinets with new doors and fixtures, and resurfaced countertops. - The Cambridge Park community is being offered for sale at a purchase price of $1,995,000, which translates to a per unit cost of $38,365. Recent completion of the capital and interior improvements as well as lease-up activities translate to a projected Year 1 NOI of $152,899 Stabilized Period 2 NOI is projected at $162,233, which is representative of an 8.13% cap rate.
- Well located 8 unit apartment building in the rapidly growing Murray Hill submarket - All units are 2 (BR) / 1 (BA); Currently 100% occupied - Upside potential by increasing rents over time (tenants paying below market) & new management (reduced expenses) - Conveniently located close to retail, restaurants, schools & parks in Murray Hill; quick and easy access to Riverside, Avondale, Brooklyn & Downtown submarkets Popularity of surrounding neighborhoods is driving the growth of Murray Hill
Located on 3rd floor overlooking pond. 3 bd rm 2 baths,
Olde World style beauty originally constructed in 1940 and updated in 2003. Sits nestled among majestic oaks with a panoramic view of Marco Lake. Built by Victor Zambetti and designed by Wellington Cummer. Owner's suite upstairs boasts over 2,400 sq feet of living space while the two units below offer tenant income. Original wood floors and 3 car garage with on street parking as well. This tri-plex can be converted into a SFR.
Pice Reduced for Quick Sale. Units in Good Condition.Buy FHA!! Only $6,646 Total Cash. Total monthly pymt is approx $1,270 (detailed in pics by mtg broker). 1 & 2 BR units rent for $1,100. Owner lives in 3 BR home for just $170. Zoned CCG-2, highest commercial zoning for Business, Professional, or Multifamily project. Selling at just $43 per sqft. per Gross sqft of 3,909, Features 3 rental units. #1 is a 2 BR, family room, garage renting for $625. #2 is a 1BR renting at $475 (new kitchen). #3,Main home is a lovely 3BR, Dining, Living , & Large Family Rooms plus Garage and bomb shelter. Will rent for approx $1,100 residential tenant, higher for business tenant. Since it's commercial you can legally put a business. 1/2 acre yard gives plenty room for equipment and inventory. Main home in very good shape. Request list of upgrades. Exterior pressure cleaned and painted. 1&2 BR units generate $1,100/mo or $13,200 per year, Less 35% expenses. NOI is $8,580. With $6,646 invested, cash on cash return is 129% per year. 180 feet fronting Lake Shore
RARE MIXED USE BUILDING IN HISTORIC RIVERSIDE,THIS PROPERTY IS ON THE NATIONAL REGISTRY OF HSTORIC BUILDINGS AND HAS TRANSFERABLE TAX CREDITS. TWO SEPARATE 1200 SQ FT 1ST FLOOR RETAIL SPACES AND TWO SECOND FLOOR APARTMENTS. RENOVATED FROM THE GROUND UP IN 2008. LARGE AMOUNT OF TRAFFIC FOR EXCELLENT EXPOSURE. ONE RETAIL UNIT HAS SIGNAGE POSSIBLE ON BOTH KING AND DELLWOOD. VACANT LOT ONE LOT SOUTH ON KING INCLUDED IN PRICE. VACANT LOT IS BUILD ABLE AND WAS USED IN THE PAST FOR PARKING. LOT IS INCLUDED AT THE 375K PRICE.
Well maintained property nestled in a quiet residential neighborhood. Convenient to shopping, entertainment and downtown Jacksonville. Excellent opportunity for Investor looking to self manage.
For sale here is a total of 5 buildings and 20 units. Each building is listed at $134,900 or a total of $674,500 for all 5 buildings. Each unit rents for $600.00 (or more) for a total potential gross monthly in come of $2,400.00 per building or $12,000 for all 5 buildings. Properties have been upgraded in the past 5 years. There is tile throughout for easy maintenance. Properties are being listed and sold "as is". Owner/Broker: Principal of Seller is a Florida Licensed Real Estate Broker.