2727 Riverside Ave

    Jacksonville, FL 32205
    • $765,000
    • STATUS: Active
    • ON SITE: 201 days
    • MLS #: 894550
    UPDATED: 153 min ago
    $765,000
    • 8
      BEDS
    • N/A
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 6,509
      SQFT
    • $118
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    Description

    The Windermere Apartments is a rare opportunity to secure a legacy holding in the heart of Riverside on highly desirable Riverside Ave, one of the highest Google searched zip codes for apartments in Jacksonville. Tenant quality is high w/ many long term residents and historically high occupancy, currently 100%. Owner is currently making $62,000 per year (net), a solid 8% CAP. The new Owner has the opportunity for even higher net income through rental increases already in progress. Annual rent has increased $3,060 in 2017 on 2 leases.Interior hallways, hardwood floors, distinctive floor plans. Currently self-managed with minimal time required. High Walkability Score with shopping, entertainment district, St Vincents Medical Center in very close proximity.

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    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-02-19T00:26:00.873.

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    www.exitrealestategallery.com/homes/75395617

    2727 Riverside Ave Jacksonville, FL 32205

    • Price: $765,000
    • Status: Active
    • Updated: 153 min ago
    • MLS #: 894550
    8
    Beds
    8
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,509
    SQFT
    $118
    $/SQFT
    1908
    Built
    Neighborhood:
    Riverside
    County:
    Duval
    Area:
    03-Riverside/Avondale/Ortega
    Property Description
    The Windermere Apartments is a rare opportunity to secure a legacy holding in the heart of Riverside on highly desirable Riverside Ave, one of the highest Google searched zip codes for apartments in Jacksonville. Tenant quality is high w/ many long term residents and historically high occupancy, currently 100%. Owner is currently making $62,000 per year (net), a solid 8% CAP. The new Owner has the opportunity for even higher net income through rental increases already in progress. Annual rent has increased $3,060 in 2017 on 2 leases.Interior hallways, hardwood floors, distinctive floor plans. Currently self-managed with minimal time required. High Walkability Score with shopping, entertainment district, St Vincents Medical Center in very close proximity.
    Exterior Features

    Building Stories 3 Stories Navigable To Ocean YN No Parking Facilities 1 Space P/Unit Pool No Pool Road Surface Asphalt Road Waterfront YN No

    Interior Features

    Cooling Central Cooling Heating Central HeatingSpace Heating Major Appliances DryerRange - ElectricRefrigeratorWash/Dry ConnectionWasher

    Property Features

    Annual Rent 82560.00 Buildings 1 Building Country Usa Current Zoning Cro Exist Rental Income 82560.00 Historic Area Yes Land Use Code Cro Legal Name Of Subdiv Riverside Multifamily Type Multi Units Occupancy At Closing Occupancy Rate 100.00 Possible Financing CashConventional Present Common Exp ElectricSewerWater Present Rental Terms Year Present Tenant Exp All Electric Square Foot Source Tax Roll Unit Info Total Units 8 Units 5 - 10 Units

    Listing courtesy of Warren & Company


    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-02-19T00:26:00.873.

    Digital Millennium Copyright Act
    EXIT Real Estate Gallery
    1929 Park Avenue
    Orange Park FL, 32073