1604 Morgan St - Apartments FOR SALE


Jacksonville, FL 32209- New Town
$359,000 USD
813-404-6916
1604 Morgan St, Jacksonville, FL for Sale
$359,000 USD
Apartments - FOR SALE
1/6
null | 8.19% Cap Rate

1604 Morgan St
Jacksonville, FL 32209
New Town


HIGHLIGHTS

  • Corporate Liquidation Sale
  • Clear Title
  • 100% Leased

OVERVIEW

CORPORATE LIQUIDATION SALE | Quadplex apartment. 100% Leased. Professional management in place. Separate utilities. Opportunity to run cap up to 9.57% by renewing oldest leases to $1000/month to match the new lease rates. Simple and effective equity gain. Cost Analysis Performed as Rental Property In: Rent - $42,600.00 Out: (Annual) Property Taxes - $2,525.00 (Annual) Estimated Insurance - $5,176.00 (Annual) Property Management (Optional) - $3,408.00 (Annual) Estimated Utilities/Lawn/Repair/Misc. - $2,100.00 Total Costs - $13,209.00 Net: $29,391.00 Earn: Total yearly net equates to - $29,391.00 Total monthly gross equates to - $3,550.00 TOTAL MONTHLY NET EQUATES TO - $2,449.25

FOR SALE DETAILS

PRICE

$359,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

4

PRICE/UNIT

$89,750

CAP RATE

8.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morgan Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RMD-A

APN/PARCEL ID

075872-9980

ASK ABOUT THIS PROPERTY

Kurt WestfieldBlue Peak RealtyMore Info
813-404-6916

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Kurt WestfieldBlue Peak RealtyMore Info
813-404-6916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.