MORROW AND MORTON
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MORROW AND MORTON
2 Properties Offered at $825,000 in Jacksonville, FL
INVESTMENT HIGHLIGHTS
- Unit Mix: Four 1b/1b, Two 2b/1b
- Surrounded by Demand Drivers: Within immediate proximity to grocers, retailers, restaurants gyms, and all other conveniences that renters prefer
- Less than 15 minutes from Downtown and Southside, the two largest employments hubs with 60,000 and 40,000 jobs, respectively.
- Immediate Upside: Four out of the six units are occupied by long-term tenants, and the previous owner implemented only minimal rent increases.
- Minutes from major thoroughfares US-1, I-95, I-295, and JTB Blvd which provides seamless connectivity to Jacksonville’s premier submarkets
- : Owner has put nearly $100,000 into capital projects in the last 3 years, mostly on deferred maintenance capex needs.
EXECUTIVE SUMMARY
Kyle Matthews
License No. CQ1052263 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. CQ1052263 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
| Price | $825,000 | Number of Properties | 2 |
| Price / SF | $236.80 / SF | Individually For Sale | 0 |
| Cap Rate | 7.10% | Total Building Size | 3,484 SF |
| Sale Type | Investment | Total Land Area | 0.40 AC |
| Status | Active |
| Price | $825,000 |
| Price / SF | $236.80 / SF |
| Cap Rate | 7.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,484 SF |
| Total Land Area | 0.40 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 3603 Morton St, Jacksonville, FL 32217 | Multifamily | 2,634 SF | 1960 | - |
| 6037 Morrow St E, Jacksonville, FL 32217 | Specialty | 850 SF | 1973 | - |
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CONTACTS
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William Bruce -
Cameron Hooper -
Cole Morris -
Matthews Real Estate Investment Services
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MORROW AND MORTON
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