$1,750,000 USD
904-994-1579
1251 Kings Rd
Jacksonville, FL 32204
Mid-Westside
HIGHLIGHTS
- Situated just minutes from Downtown Jacksonville, benefiting from major employment hubs, entertainment districts, and infrastructure improvements.
- Immediate opportunities to enhance operational efficiencies, implement strategic renovations, and increase rental income.
- Nearly $150,000 of capex has been completed on the property, focused on unit renovations and extensive exterior improvements.
- Well-maintained units with consistent occupancy, offering a blend of affordability and strong tenant retention.
OVERVIEW
Matthews Real Estate Investment Services is pleased to present the Kings Courtyard, a well-positioned, 29-unit multifamily asset just minutes from the rapidly growing Downtown Jacksonville. This offering presents an exceptional opportunity for investors to capitalize on Jacksonville's surging market, backed by strong economic fundamentals, an $8 billion development pipeline, and significant value-add potential.
In-State Licensee: Kyle Matthews | License No. CQ1066435 (FL) | (866) 889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
FOR SALE DETAILS
PRICE
$1,750,000 USD
PRICE/SF
$139 USD /SF
# OF UNITS
29
PRICE/UNIT
$60,345
CAP RATE
7.19%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kings Courtyard
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1961
PARKING SPACES
12
LAND DETAILS
LAND ACRES
0.28 AC
LAND SF
12,101 SF
ZONING
CCG-2
APN/PARCEL ID
053957-0010
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904-994-1579
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904-994-1579
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