• 8 / 4
  • 6
  • 2500
  • 0
  • 1,040
Active Status Multi Family
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52 units total in this portfolio of 4-plex and 2-plex concrete block properties! Total of parcels 19 total with LOW annual property tax assessments! Proposed taxes approx. $7,000/yr. for entire portfolio. Potential gross rent of $409,000 a year with the right updates/business strategy! Nearly all units occupied. This perfect package for experienced multi-family unit manager/investor; start a fresh portfolio or merge with existing one. Great potential to migrate to HUD/Section 8 tenancies only. Many mandatory updates made by latest owner, including new electrical panels and other significant updates in select units. More updates required to command highest potential rent. A $409k/annual gross rent potential based on boosting rents from the current $500 to $550 price points to $650.

Address: 1423 UNION ST
State: FL
City: Jacksonville
County: Duval
Zip Code: 32209
Neighborhood: Paxon
MLS#: 966140
MLS Area: 074 PAXON

Interior Details

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  • Floor Type:
  • Cooling:Central Cooling, Window/Wall Unit
  • Heating:Central Heating, Window/Wall Unit
  • Other Rooms:

Exterior Details

  • Home Construction
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  • Garage Spaces:0.00
  • Pool:No
  • Utilities:
  • Lot Description:
  • Parking:Other Parking

Community Details

Rental Information

  • Rental Income:$0
  • Rental Number:0
  • Directions:All listed properties are located throughout Jacksonville FL.
Property Information Last Updated: 11/14/2018 8:32:33 AM
Property Listed By LOVE REALTY, INC


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