INCOME: Beautiful bungalow, features a comfortable 4 bed, 2 bath layout. Lovely molding and hardwood floors make this home shine. Front porch and full bathrooms on both floors make this a perfect long-term rental or first-time homeowner property. Situated directly across the street from the University of Florida Health Center. TENANT OCCUPIED. Professionally managed. Comparable Sales 1622 N LAURA ST $130,000 1816 N LAURA ST $81,000 351 COTTAGE AVE $80,000 Cost Analysis Performed as Rental Property In: Rent - $10,800.00 Out: (Annual) Actual Taxes - $581.00 (Annual) Estimated Insurance - $1,066.00 (Annual) Property Management (Optional) - $864.00 (Annual) Estimated Utilities/Lawn/Misc - $600.00 Total Costs - $3,111.00 Net: $7,689.00 Earn: Total yearly net equates to - $7,689.00 Total monthly gross equates to - $900.00
$675,000Size Upon Req.
57 Pads 7 Built Mobile Homes currently generating a gross income of $25,200 Buyer has opportunity to build the 50 vacant pads. Property is serviced by City of Jacksonville for electric, sewer and water. 50 Remaining Pads (of which 7 pads are rented) 7.15 Acres Zoning allows 58 residences at a density of 9.24 units per acre 2 PARKING SPOTS PER PAD There is tremendous upside for new ownership to increase rent and build on the remaining 50 pads. Sale Price is $675,000 Unbelievable Price Great Location at a very low price!
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.
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.
Pice Reduced for Quick Sale. Units in Good Condition.Buy FHA!! Only $6,646 Downpayment. 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 Excellent. 180 feet fronting Lake Shore
$495,000Size Upon Req.
A great investment opportunity! This community includes 19 mobile home sites, plus 2 houses and 2 cottages on city water(individually metered), septic, and container trash. Homes need TLC. The gross potential income (with full occupancy) is $11,450/mo. Inquire within for more details.
$1,649,000Size Upon Req.
Great income producing property! This family community is well managed with 53 developed sites (47 occupied). Well water, municipal sewer, and container trash. Please inquire within for more details.
- 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