1423 Union St Jacksonville, FLORIDA 32209 — MLS# 966140

53
New To Site
$2,600,000
1423 Union St
JACKSONVILLE, FLORIDA 32209
MLS# 966140

Save Property
8 Beds
4 Baths
2,500 Sqft
52 units total in this portfolio of 4-plex and 2-plex concrete block properties! Total of parcels 19 total with LOW annual property tax assessments! Proposed taxes approx. $7,000 / yr. for entire portfolio. Potential gross rent of $409,000 a year with the right updates / business strategy! Nearly all units occupied. This perfect package for experienced multi-family unit manager / investor; start a fresh portfolio or merge with existing one. Great potential to migrate to HUD / Section 8 tenancies only. Many mandatory updates made by latest owner, including new electrical panels and other significant updates in select units. More updates required to command highest potential rent. A $409k / annual gross rent potential based on boosting rents from the current $500 to $550 price points to $650.
Get More Information!
Property Details
Status
For Sale
Property Type
Multifamily
Total SQFT
2,500
Finished Sq Ft
2,500
Construction
Concrete
Subdvision
PAXON
Garage Spaces
0.00
Heat
Central Heating, Window/Wall Unit
Cooling
Central Cooling, Window/Wall Unit
Taxes & Terms
Financing
Cash,Conventional
Area
Legal Name of Subdvision
Paxon
County
DUVAL
Features
Listing courtesy of
LOVE REALTY, INC, Lillie Hernandez
Estimated Payments
The approximate mortgage monthly principal and interest payment for this property would be
Based on a loan at a fixed rate of percent
With a down payment of dollars
Actual lender interest rates and loan programs may vary.
Similar Properties
Property information is not guaranteed. © 2018 MLS and FBS. Prepared by Northeast Florida MLS, Inc. on November 19, 2018 12:00AM. The information on this sheet has been made available by the MLS and may not be the listing of the provider. Listing Data last updated: November 19, 2018 12:00 MST Service by Buying Buddy IDX CRM