$744,000
1651 W Union Street
Jacksonville, FL 32209
MLS# 1043209
4 beds  |  1350 sqft


1651 W Union Street, Jacksonville, FL 32209
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1651 W Union Street, Jacksonville, FL 32209 1651 W Union Street, Jacksonville, FL 32209 1651 W Union Street, Jacksonville, FL 32209 1651 W Union Street, Jacksonville, FL 32209 1651 W Union Street, Jacksonville, FL 32209 1651 W Union Street, Jacksonville, FL 32209 1651 W Union Street, Jacksonville, FL 32209 1651 W Union Street, Jacksonville, FL 32209

Property Description
Being sold as a portfolio of properties. The portfolio consists of (16) units in (5) buildings located at (3) separate locations in Jacksonville, FL. This portfolio is a turn key operation that is 100% occupied and yielding over a 9% cap rate. Rents are currently below market and could be increased to maximize cash flow. All units are separately metered, have central heat/ac, and have undergone extensive renovations. The portfolio has very low turnover and the average tenant across all (16) units has been in place for over two years. Portfolio will not be divided. Must sell as one portfolio.

Details
Maps
Contract Information
List Price: $744,000
List Price/SqFt: 551.11
Current Price: $744,000
Location, Tax & Legal
Street #: 1651
Compass: W
Street Name: Union
Street Suffix: Street
County: Duval
State/Province: FL
Zip Code: 32209
Area: 99 - Other
Style: Duplex
Tax ID: 076073-0000
Homestead Exempt: No
General Property Description
Total # Units: 2
Bedrooms: 4
Supra: No
Living Area: 1350
SqFt - Total: 1390
SqFt Source: Property Appraiser
Year Built: 1967
As Is Cond: Yes
Special Contingency: No
Zoning: Multi-Family
Subdivision: Not In Subdivision
Maint Fee Paid: N/A
Lot SqFt: 3440
Road Frontage: 40
Depth: 86
Franchise Opt In: No
Status Change Info
Status: Active
Financial Info
Gross Monthly Rent: 9300
Gross Income: 111600
Meters
# Electric Meters: 2
# Water Meters: 2
Property Features
Building Type: Side by Side
Construction: Concrete Block
Air Conditioning: Air to Air; Central
Heating: Central; Electric
Appliances: Range; Refrigerator
Parking: Off Street
Roof: Built-Up
Inside: Cable TV; Ceiling Fans; LR/DR Combo; Smoke Detector
Tenant Pays: Cable TV; Electric; Insurance Interior; Water
Owner Pays: Exterminator; Insurance Exterior; Lawn Care; Real Estate Taxes; Trash Removal
Docs & Discl: Additional Franchise Docs
Sewer: Public Sewer

Listing Office: Watson Realty Corp

Last Updated: May - 24 - 2018

Listing data provided by the Daytona Beach Area Association of REALTORS®' Internet Data Exchange (IDX) program. Data is believed to be accurate but not warranted.

Sunday 27th of May 2018 02:16 PM