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Drayton Park - Chen - Rental Properties

2 Properties Offered at $439,900 in Jacksonville, FL

Investment Highlights

  • Highly sought after - gated community!
  • Good Cap Rate.
  • Low to no vacancy loss!

Executive Summary

Two great rental properties in popular, gated Drayton Park with proven, stable rent history and zero vacancies over last 3 years.
Property 1 - 3542 Lone Tree Lane, Jacksonville, FL 32116 - Charming townhome in popular, gated Drayton Park. Nice laminate Living room floor, new carpet, new paint throughout. Private wooded view from back porch. 2 BR, 2.5 Baths with eat in kitchen, breakfast bar, & living dining room. This nice layout includes 2 master bedrooms upstairs, each with ensuite bathrooms. Separate laundry room. There are ceiling fans in living area & bedrooms. washer/dryer. Drayton Park has a car care center! Seller offering $5000 credit for Buyers Closing/TLC Costs on this unit only.
Property 2 - 3491 Lone Tree Lane, Jacksonville, FL 32116 - Spacious townhouse in the popular, luxury gated townhome community of Drayton Park. Nestled among natural woods, this nice townhome has two master bedrooms upstairs, each with ensuite bathrooms. Downstairs has a convenient eat in kitchen, with ample cabinetry, full appliances, pantry, breakfast bar, living dining room & half bath. This nice layout includes a separate laundry room with functioning washer/dryer. Large, screened patio with storage backing onto a preserve - gives privacy. There are ceiling fans in the living area & one bedroom.
Both units are about 300' apart from each other and are conveniently located near St. Johns Town Center, Tinseltown, the beaches, & downtown. These units are a casual easy walk to the well-thought-out community amenities including a clubhouse, large pool, fitness center, w/walking trails.
Drayton Park even has a car care center! There is an HOA rule that allows a limit of 2 cars per household. Guest parking spots are nearby. HOA includes lawn maintenance, exterior maintenance, & exterior pest control. HOA includes lawn maintenance, exterior maintenance, exterior pest control.

Taxes & Operating Expenses (Pro forma - 2024)

Annual
Gross Rental Income $43,500
Other Income -
Vacancy Loss $870
Effective Gross Income $42,630
Taxes $7,806
Operating Expenses $12,108
Total Expenses $19,914
Net Operating Income $22,716

Taxes & Operating Expenses (Pro forma - 2024)

Gross Rental Income
Annual $43,500
Other Income
Annual -
Vacancy Loss
Annual $870
Effective Gross Income
Annual $42,630
Taxes
Annual $7,806
Operating Expenses
Annual $12,108
Total Expenses
Annual $19,914
Net Operating Income
Annual $22,716

Property Facts

Price $439,900
Price / SF $185.93 / SF
Cap Rate 5.16%
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 2,366 SF
Total Land Area 0.02 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
3491 Lone Tree Ln, Jacksonville, FL 32216 Multifamily 1,182 SF 2004 -
3542 Lone Tree Ln, Jacksonville, FL 32216 Specialty 1,184 SF 2003 -
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  • Listing ID: 33210616

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: Drayton Park - Chen - Rental Properties, Jacksonville, FL

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