MUST SELL THIS WEEK! $215,000 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:
MOTIVATED SELLER - BRING OFFERS Rare opportunity to redevelop a 151-unit lodging facility in a central Jacksonville location. The property was formerly operated as a hotel and apartment facility and contains a total of 151 units, consisting of 54 one-bedroom units and 97 efficiency units. Property can be redeveloped into any permissible and feasible use. The property is very centrally located in Jacksonville and is convenient to major thoroughfares, area hospitals, and area demand generators. Only 15 minutes from Mayo Clinic, and less than 10 minutes to downtown Jacksonville.
BUILD WHILE CASH FLOWING. Builders and Investors: Tremendous multifamily investment opportunity to acquire an already cash-flowing Townhome project with additional upside. Opportunity consists of 6 new 2-story Townhomes-(2)3br/2.5ba, 1,360 sf units, and (4)2br/2.5ba, 1,296 SF units. The TH's are 100% occupied grossing $5,000/mo. Community planned for 22 units, build an additional 16 units on the vacant acreage. Owner installed lift station and JEA water lines for the balance of the site already in place. New owner has flexibility and upside to reap additional value by building renting or selling additional units, individually deeding the existing townhomes and selling, or just securing the cash flow, an approx 8% return on current income. 2014 CAP Rates for B/C properties in Jacksonville finished the year at 7.2% offering a significant discount to market conditions. Buyer must submit NDA and POF to receive financials.
Great turn-key investment property or low cost opportunity to live in one unit and off-set your mortgage with rent on the second unit. Comprehensive upgrades that have brought solid tenants and strong rents. Improvements include: -New Commercial Grade roof 2008. -All new double pane windows. -Completely new Electrical including 200 amp elec boxes. -Seperate electrical, w/s, per unit. -Oversized CHA by an extra 1/2 ton for each unit. -new kitchen cabinets, counter tops, sink. -new floorings in every room and bathroom. -all new plumbing installed, fixtures, w/d in each apartment. -Off street parking lot, 1 covered and 3 open. If an owner/occupant, the upstairs 3/2 lease ends Febuary 29th. 3/1 Downstairs unit is rented for $750/mo. Larger 3/2 upstairs currently rents for $850.
Video- http://player.vimeo.com/video/115085567?api=1&referrer=http%3A%2F%2Fwww.3146poststreet.com%2F Numbers are in for Year End 2014. Property had a net income of over $50,000 for the year, and Q1 2015 is trending higher. 2014 CAP Rates for B/C properties in Jacksonville finished the year at 7.2%. This investment is a tremendous opportunity to secure a well maintained cash flowing community with a 8.3% CAP in place! 100% occupied with highly screened of tenants sponsored by HUD, VA, and religious based services with a pipeline of candidates for placement when a unit becomes available. Rents from these agencies are paid direct deposit to the Owner on the 1st of every month. No work needed to collect rents and no risk of delinquency, non-payment, rent loss, or evictions. The property was fully renovated in 2007 with new flooring, appliances, cabinets, bathrooms, painting and landscaping. New roof installed with transferrable warranty in 2012. Current lender would like to continue participation and will offer loan assumption for qualified Buyers, or originate a new loan.
This is a Single-Family All Brick Home located at 1123 Monmouth Way Jacksonville FL 32208. Home has 3 bedroom 1 bath home with brick exterior located in ''Lake Forest neighborhood''. Nestled on a corner lot, this one story home features a living room/dining room combo, separate office/den, about 1,200 sq ft, detached 1 car garage and a nice corner lot location almost 10,000 sq ft. Property is situated minutes from I-95 and Lem Turner Rd. This property just came out of foreclosure and is offered by Global Premier Asset Serving. Property is vacant and will need some type of repair. All wholesale assets are sold as is where is of course. Offered at Only $12,900.
- 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
Buy FHA!! Only $6,646 Total Cash. . Owner pay up to 6% of buyers closing and prepaids (should cover completely). Total monthly pymt is $1,320 (detailed in pics by mtg broker). 1 & 2 BR units rent for $1,100. Owner lives in 3 BR home for just $211. Zoned CCG-2, highest commercial zoning for Business, Professional, or Multifamily project. Selling at just $46 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
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.