Vivo Living Jacksonville | 7071 103rd St
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Vivo Living Jacksonville 7071 103rd St
103 Unit Apartment Building $11,900,000 ($115,534/Unit) Jacksonville, FL 32210
Investment Highlights
- Full renovation done in 2023.
- Rare multi-family property conveniently located near I-295.
Executive Summary
Vivo Living Jacksonville is located on the west side of the dynamic city of Jacksonville. This property features 103 studio units, each providing 350 square feet of living space. Ideally positioned just off the busy I-295 highway, it is set within a highly populated retail corridor. The property is currently awaiting conversion into a fully operational multi-family condo living community, with a projected cap rate of over 5% annually.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $11,900,000 | Building Class | B |
| Price Per Unit | $115,534 | Lot Size | 4.40 AC |
| Sale Type | Investment | Building Size | 46,613 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 103 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 2022/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.9/1,000 SF |
| Apartment Style | Garden |
| Price | $11,900,000 |
| Price Per Unit | $115,534 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| No. Units | 103 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.40 AC |
| Building Size | 46,613 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 2022/2023 |
| Parking Ratio | 1.9/1,000 SF |
Site Amenities
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Grill
- Wi-Fi
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 103 | - | 350 |
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PROPERTY TAXES
| Parcel Number | 014334-0000 | Improvements Assessment | $6,491,200 |
| Land Assessment | $876,000 | Total Assessment | $7,367,200 |
PROPERTY TAXES
Parcel Number
014334-0000
Land Assessment
$876,000
Improvements Assessment
$6,491,200
Total Assessment
$7,367,200
zoning
| Zoning Code | PUD (Planned Unit Development) |
| PUD (Planned Unit Development) |
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Vivo Living Jacksonville | 7071 103rd St
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