2514 Walnut St
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2514 Walnut St
10068 Unit Block of Flats £395,005 (£39/Unit) 6.90% Net Initial Yield Jacksonville, FL 32206
Investment Highlights
- 100% occupied!
Executive Summary
Don't miss this positive cash-flowing, fully occupied quadraplex in Jacksonville, FL! This investment property features four HUD-qualified units, allowing for higher-than-current rental income for qualified tenants. Four 2/1 units in total, all 1000+ sqft! Each unit is under a one-year lease, ensuring stable occupancy. The property boasts a new roof installed in May 2022, all units have received work, including refinished hardwood floors in two of the units. All units come equipped with their own washer and dryer, and partially new HVAC systems have been installed. The seller has made all necessary improvements for easy, low-maintenance ownership, allowing you to sit back and enjoy monthly rent checks. Major multi-use developments in the Phoenix Arts District are happening within just a couple of blocks promising a spike in value when completed!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £395,005 | Building Class | C |
| Price Per Unit | £39 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 5,186 SF |
| Net Initial Yield | 6.90% | Average Occupancy | 100% |
| No. Units | 10068 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1924/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.96/1,000 SF |
| Apartment Style | Low Rise |
| Price | £395,005 |
| Price Per Unit | £39 |
| Sale Type | Investment |
| Net Initial Yield | 6.90% |
| No. Units | 10068 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,186 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1924/2022 |
| Parking Ratio | 0.96/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 2514 | £778.16 | 1,100 |
| 2+1 | 2516 | £778.16 | 1,100 |
| 2+1 | 2518 | £809.76 | 1,100 |
| 2+1 | 2520 | £809.76 | 1,100 |
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PROPERTY TAXES
| Parcel Number | 044867-0000 | Total Assessment | £258,144 |
| Land Assessment | £5,162 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £252,982 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
044867-0000
Land Assessment
£5,162
Improvements Assessment
£252,982
Total Assessment
£258,144
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | IL (Industrial Light) |
| IL (Industrial Light) |
-
Joel Davis -
Traditions Realty LLC
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2514 Walnut St
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