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Palm Terrace Aparments consist of 96 units in 9 two-story buildings on a 2.52 acre lot with 100% rentable units. The buildings are all concrete construction w/ new wood truss roofs & asphalt shingles. Located on-site is a leasing office with a beautifully decorated model unit. The community has undergone renovations including new roofs, not just repairs, on all 9 buildings. Every electrical panel was upgraded & new wiring was installed for all water heaters and ovens. The plumbing was re-piped in every unit and every bathroom now has a new water heater, fixtures, toilet and vanity. New fencing, gates, landscaping windows, window shutters, laundry room and playground were installed to add immense curb appeal. The parking lot has also been recently resurfaced. 22 of the units are 696 sf with 2 bedrooms & 1 bath; and 74 units are 764 sf with 3 bedrooms & 1 bath. Unit amenities include balconies/ porches, wall unit heat and A/C, walk-in closet &storage area. In addition, the community amenities also offer a fully functioning laundry room, a play area for toddlers and kids, brand new (2014) security cameras combined with lighting and on-site security.
- 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, hard-wired 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 $2,025,000, which translates to a per unit cost of $38,942. The Trailing-4 NOI is $151,602 translating to a 7.5% in-place cap rate. Stabilized Period 2 NOI is projected at $171,748, which is representative of an 8.5% cap rate.
2 Story, 2BR/1.5BA Townhouse residing in kept community. 1,122 Sq Ft living space. Carpet/vinyl flooring throughout. Covered porch/patio, privacy fence. Public water/sewer. Unit may be needing repairs/updates, overall, unit in fair/good condition. Available for lease-to-own program. Ask about our cash discount.
1,276 sq. ft. 3 bedroom/1.5 bathroom Single Family Residence converted into an office situated on 0.2 acre more commonly known as 903 Edgewood Ave. W, Jacksonville, FL 32208. Parcel No. 024075-0000. Property is completely fenced in.
Currently zoned CCG-2 which is a high end commercial zoning for almost any commercial project. Currently has 3 rental units. Unit #1 is 2 BR, family room, garage. Rents for $625. Unit #2 is 1BR renting at $475. Main home is 3BR, Dining area, Living Rm, Large Family Room, Garage and bomb shelter. At $187K with 10% down monthly PITI payments run approx $1,220.00 at 4.25% interest rate. Two rental units bring in $1,100 so you can live in very nice main home for roughly $120. Since it is commercial you can legally put your business on site. With over 1/2 acre of space you have plenty of room for trucks and equipment and two garages and 10x10 bomb shelter to store inventory. Main home is in very good shape and recently had many upgrades done to it. Exterior was pressure cleaned and painted. Ideal location for many businesses that could take advantage of being across the street from the boat ramp for the Cedar River.
Three Beautiful Houses Fully Rented and Professionally managed. For Sale are Three Single Family Houses being sold as a package for only $115,000 (All Cash/ No Financing Offered). Together these three houses generate income of $25,140, being sold at only 4.5 X Gross and yield a 15% Return on Investment per year. All the houses have been significantly improved and have Great Tenants in them, all current on rents. The houses are being professionally managed which means a hassle free investment. Description of Houses: One house is located at 1338 Weare Street, Jacksonville Florida 32206. This Fully Restored Vintage House (Approximately 1100 Square Feet) is near Historic Springfield where houses are selling for $200,000 to $400,000. It has tremendous upside. It is all brick, has a blend of laminate and carpeting (both new), a new Kitchen, Newer bathrooms, laundry room ,etc. It is a real beauty! The Second house in this package is a 3 bedroom/ 2 Full Bath House at 2565 Calvin Street, Jacksonville Florida 32204, built in 1972, with approximately 1500 square feet, it has new carpets, fresh paint, two renovated bathrooms, a newer kitchen, newer A/C uni
Four bedroom, 1.5 bath with a seperate 1/1 detached apartment/guest cottage
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. Buyer must submit NDA and POF to receive financials.
Capstone Apartment Partners is pleased to present Windy Pines Apartments, an ideally positioned 40 unit opportunity located in Jacksonville, FL. Windy Pines Apartments was built in 1990, has a desirable unit mix of 1, 2, and 3 bedroom units, and offers new ownership immediate upside with management focusing on vacancy. **PLEASE CLICK LINK TO REGISTER AND DOWNLOAD OFFERING MEMO**