• Broker Raja Paleja 3216896568

1936-1960 Lane Ave S 4,000 SF Specialty Building Offered at £339,228 at a 10% Net Initial Yield in Jacksonville, FL 32210

View Photo

INVESTMENT HIGHLIGHTS

  • Great Opportunity for Fix & Flip \Must See Location Lane Ave and McMullen Street Two Access
  • 1.2397 acres of land 54000 Sq Ft
  • Seller held 1st Mortgage possible with buyer's credential and Good Down Payment
  • Fix Three home and potential earning of $1200 each $4800 per month would potentially worth $800,000 to $900,000
  • CCG-1 Zoning Variety of Commercial Use Allowed Highly Motivated Seller
  • Rental Homes High Demand Area Location

EXECUTIVE SUMMARY

Parcel 011538-0000 1936 Lane Ave South, with 150 Feet Lane Ave Frontage Access
Parcel 011539-0020 6725 McMullin Street 75 Feet Front Access
both parcels are adjoining parcels are included in sale
Projected cap Rate is estimated based on all repairs and all four house rented
https://www.youtube.com/watch?v=gEd5i8E5W4o
Property at present time has four single family cocreate block structure homes . one is rented by month to month lease
other three needs renovation to rent can easily rent for $1000 per month total $48,000 annual income close to 10% return
CC-G1 zoning allows many commercial uses please call the listing agent for more detail list

ATTACHMENTS

1936 Lane Ave Geotechnical_Report_3-2-21
1936 Lane Ave Phase i report clean
1936 Lane Ave Flyer

PROPERTY FACTS

Price £339,228
Price Per SF £84.81
Sale Type Investment
Net Initial Yield 10%
Property Type Specialty
Property Subtype
Residential Income
  • General Retail Storefront Retail/Residential
  • Apartment Buildings
  • Multifamily Dormitory
Building Class C
Lot Size 1.24 AC
Building Size 4,000 SF
Number of Floors 1
Year Built 2000
Parking Ratio 0.75/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning R - Residential

LINKS

MAP

ADDITIONAL PHOTOS

View Photo House 1 back
View Photo House 2
View Photo House 2 back
View Photo House 3 front yard
View Photo House 3
View Photo House 4
View Photo looking NW copy
View Photo looking east copy 2
View Photo Looking N copy
View Photo Looking west copy
View Photo 1936 Lane Ave Survey_Topo

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