2325-2353 Spring Park Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2325-2353 Spring Park Rd
10 Unit Apartment Building $1,750,000 ($175,000/Unit) 7.50% Cap Rate Jacksonville, FL 32207
Investment Highlights
- Attractive 9% CAP rate
- Property fully leased
- Ready to go vertical with 24 additional units; selling with plans and ready to build
Executive Summary
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.
Data Room Click Here to Access
Property Facts
| Price | $1,750,000 | Building Class | C |
| Price Per Unit | $175,000 | Lot Size | 2.24 AC |
| Sale Type | Investment | Building Size | 8,298 SF |
| Cap Rate | 7.50% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Parking Ratio | 2.41/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $1,750,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 2.24 AC |
| Building Size | 8,298 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1926 |
| Parking Ratio | 2.41/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
- Ceiling Fans
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 3 | - | - |
1 of 1
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $402,868 | |
| Land Assessment | $314,304 | Total Assessment | $717,172 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$314,304
Improvements Assessment
$402,868
Total Assessment
$717,172
zoning
| Zoning Code | RLD-G |
| RLD-G |
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2325-2353 Spring Park Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.