$744,000
3997 Leonnie Road
Jacksonville, FL 32208
MLS# 1043174
8 beds  |  3360 sqft


3997 Leonnie Road, Jacksonville, FL 32208
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3997 Leonnie Road, Jacksonville, FL 32208 3997 Leonnie Road, Jacksonville, FL 32208 3997 Leonnie Road, Jacksonville, FL 32208 3997 Leonnie Road, Jacksonville, FL 32208 3997 Leonnie Road, Jacksonville, FL 32208 3997 Leonnie Road, Jacksonville, FL 32208 3997 Leonnie Road, Jacksonville, FL 32208 3997 Leonnie Road, Jacksonville, FL 32208

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: 221.43
Current Price: $744,000
Location, Tax & Legal
Street #: 3997
Street Name: Leonnie
Street Suffix: Road
County: Duval
State/Province: FL
Zip Code: 32208
Area: 99 - Other
Style: Fourplex
Tax ID: 029865-0170
Homestead Exempt: No
General Property Description
Total # Units: 4
Bedrooms: 8
Supra: No
Living Area: 3360
SqFt - Total: 3360
SqFt Source: Property Appraiser
Year Built: 1986
As Is Cond: Yes
Special Contingency: No
Zoning: Multi-Family
Subdivision: Not In Subdivision
Financial Pkg: No
Maint Fee Paid: N/A
Lot SqFt: 18000
Road Frontage: 120
Depth: 150
Franchise Opt In: No
Status Change Info
Status: Active
Financial Info
Gross Monthly Rent: 9300
Gross Income: 111600
Meters
# Electric Meters: 4
# Water Meters: 4
Property Features
Building Type: Side by Side
Construction: Siding; Wood Frame
Land Type: Corner Lot
Air Conditioning: Air to Air; Central
Heating: Central; Electric
Appliances: Range; Refrigerator
Parking: Parking Lot
Roof: Composition Shingle
Inside: Ceiling Fans; LR/DR Combo
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
Special Conditions: Agent Owned

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 02:18 PM