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Marshall Arms Apartments
Jacksonville, FL Arlingwood

$5,400,000 USD

Multifamily For Sale  •  39,040 SF

2 Properties View all

Property Details

  • Property Type Multifamily
  • Cap Rate 6.18 %
20 Transit Score
50 Walk Score

Highlights

?Exclusive 46-unit offering in Greater Arlington
13 low-rise buildings | Surface parking | on-site laundry facilities
?Predominantly two-bedroom unit mix: *One-Bed / One-Bath | 2 Units (4.35% of Property) *Two-Bed / One-Bath | 44 Units (95.65% of Property)
$5.4 million asking price: ?* Price / Unit | $117,391 *Price / SF | $138.32 *Takeover Cap Rate | 6.18%
Mark-to-market rent upside: *Average In-Place Rent | $1,177 *Average Market Rent | $1,393 *?Monthly Upside | $217 / Unit (18.4%)
Durable value-add candidate: *Concrete-block construction across 13 low-rise buildings, Direct-entry units and surface parking support phased upgrades
Cap Rate: 6.18 %

Public Transportation

AirportDriveWalkDistance
Jacksonville International 27 min - 16.8 mi
Adam Podbelski 813-697-1475 Horvath & Tremblay
Adam Podbelski 813-697-1475 Horvath & Tremblay