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741 Park Ave

Orange Park, FL 32073

 

Apartments For Sale  •  115,940 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 115,940 Sq Ft
  • Lot Size 6.5 ac
  • Building Class B
  • Year Built 1968
  • Zoning R-3, Orange Park
13 Transit Score
29 Walk Score

Description

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of the 120-unit Park Village apartment community located in Orange Park, Florida (Jacksonville MSA).  The asset is situated in the desirable Orange Park submarket currently experiencing 10.2% YoY rent growth. Built in 1968, Park Village offers an outstanding value-add opportunity that would result in the ability to raise effective rents $281 and earn a 24% return on investment after implementation of the proposed value-add plan.

Highlights

120-Unit Value-Add Concrete Block Community Located in the Desirable Submarket of Jacksonville, Florida
Value-Add Opportunity With the Ability to Raise Effective Rents $281 Through a Proposed Renovation Program and Achieve a 24% Return on Investment
60% of the Community Has Been Partially Renovated With Black Appliances, Vinyl Plank or Tile Flooring, Resurfaced Kitchen/Bathroom Vanity Countertops
The Orange Park Submarket for Class “B” and “C” Multifamily Experienced a 10.2% Rent Growth in 2018
Competitive Community Amenity Package: Swimming Pool With Paved Sundeck, Wading Pool, Fitness Center, Dog Park and On-Site Laundry Facilities
67% 2 BR/2 BA Floor Plans. Close Proximity to the Orange Park Mall, St. Johns River, Jacksonville Naval Complex, Downtown Jacksonville & I-295

Property Flyers

Amenities

  • Air Conditioning
  • Cable Ready
  • Clubhouse
  • Courtyard
  • Dishwasher
  • Disposal
  • Fitness Center
  • Laundry Facilities
  • Playground
  • Property Manager on Site
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Pet Play Area
  • Security System
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Yard
  • Maintenance on site
  • Sundeck
  • Dining Room
  • Smoke Free
  • Vinyl Flooring

Public Transportation

AirportDriveWalkDistance
Jacksonville International Airport 39 min - 29.2 mi

Parking Details

Parking Available: No
Reserved: No
Type: CoveredTandem
Included in Rent: Yes
Michael Donaldson 813-462-4214 Cushman & Wakefield
Michael Donaldson 813-462-4214 Cushman & Wakefield