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1936-1960 Lane Ave S

4,000 SF Specialty Building Offered at $450,000 at a 10% Cap Rate in Jacksonville, FL 32210

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Investment Highlights

Great Opportunity for Fix & Flip \Must See Location Lane Ave and McMullen Street Two Access
1.2397 acres of land 54000 Sq Ft
Seller held 1st Mortgage possible with buyer's credential and Good Down Payment

Fix Three home and potential earning of $1200 each $4800 per month would potentially worth $800,000 to $900,000
CCG-1 Zoning Variety of Commercial Use Allowed Highly Motivated Seller
Rental Homes High Demand Area Location

Executive Summary

Parcel 011538-0000 1936 Lane Ave South, with 150 Feet Lane Ave Frontage Access
Parcel 011539-0020 6725 McMullin Street 75 Feet Front Access
both parcels are adjoining parcels are included in sale
Projected cap Rate is estimated based on all repairs and all four house rented
https://www.youtube.com/watch?v=gEd5i8E5W4o
Property at present time has four single family cocreate block structure homes . one is rented by month to month lease
other three needs renovation to rent can easily rent for $1000 per month total $48,000 annual income close to 10% return
CC-G1 zoning allows many commercial uses please call the listing agent for more detail list

1936 Lane Ave Geotechnical_Report_3-2-21

1936 Lane Ave Phase i report clean

1936 Lane Ave Flyer

Property Facts

Price	$450,000	Lot Size	1.24 AC
Price Per SF	$113	Building Size	4,000 SF
Sale Type	Investment	No. Stories	1
Cap Rate	10%	Year Built	2000
Property Type	Specialty	Parking Ratio	0.75/1,000 SF
Property Subtype	Residential Income General Retail Storefront Retail/Residential Multifamily Apartments Multifamily Dormitory	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	$450,000
Price Per SF	$113
Sale Type	Investment
Cap Rate	10%
Property Type	Specialty
Property Subtype	Residential Income General Retail Storefront Retail/Residential Multifamily Apartments Multifamily Dormitory
Building Class	C
Lot Size	1.24 AC
Building Size	4,000 SF
No. Stories	1
Year Built	2000
Parking Ratio	0.75/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.