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REDUCED! MUST SELL THIS WEEK! $199,900 or BEST OFFER BUYS FOUR BEAUTIFUL AND FULLY RENTED HOUSES - ALL CASH BUYERS ONLY! Three Houses Rented to Great Tenants and One Rent Ready! Gross Rents are $3200 a month/ $38,400 a Year. The estimated net income of these four properties is $ 28,320 which is approximately 14.5% 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:
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.
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.
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.
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
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.