2325-2353 Spring Park Rd - Apartments FOR SALE


Jacksonville, FL 32207
$1,750,000 USD
904-758-8040
2325-2353 Spring Park Rd, Jacksonville, FL for Sale
$1,750,000 USD
Apartments - FOR SALE
1/13
null | 7.5% Cap Rate

2325-2353 Spring Park Rd
Jacksonville, FL 32207


HIGHLIGHTS

  • Attractive 9% CAP rate
  • Ready to go vertical with 24 additional units; selling with plans and ready to build
  • Property fully leased

OVERVIEW

True Turnkey Development Opportunity with 10 current cash flowing units and 24 shovel-ready units! Currently one quad, one SFH, and one 5-plex, situated on 4 concurrent lots in the Spring Park area of Jacksonville, FL. Huge upside potential here with the SFH lot and vacant lot in the middle of the parcel already having been rezoned and grandfathered in to build 24 more units (2 – 12 unit buildings). The site plan, building architecture, civil engineering, and construction costs have all been completed and are ready to go. Rare chance to generate immediate income while developing new construction multifamily properties.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

10

PRICE/UNIT

$175,000

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

RLD-G

APN/PARCEL ID

125061-0000,125063-0000,125063-0100,125064-0000

ASK ABOUT THIS PROPERTY

Mike StetsonSALT RUN REAL ESTATEMore Info
904-758-8040

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Mike StetsonSALT RUN REAL ESTATEMore Info
904-758-8040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.