1628 Walnut St - Multi-Family FOR SALE


Jacksonville, FL 32206- Springfield
$795,000 USD
954-812-4801
1628 Walnut St, Jacksonville, FL for Sale
$795,000 USD
Multi-Family - FOR SALE
1/78
null | 6.95% Cap Rate

1628 Walnut St
Jacksonville, FL 32206
Springfield


HIGHLIGHTS

  • 100% renovated
  • Tenants pay all utilities
  • Progressive neighborhood with lots of redelopment
  • 1.5 miles to downtown
  • Alway fully occupied

OVERVIEW

This beautiful 5 unit fully renovated building offers an incredible opportunity to invest in the highly desirable and upwardly mobile Springfield neighborhood. The classic Colonial architecture of 1909 provides attractive curb appeal that is in much demand to potential renters. Both the interior and exterior have recently (2025) undergone an extensive restoration at the same time retaining the enduring style that makes this area so appealing. The building comprises of 4 fully renovated 2/2 units with a huge 1/1 encompassing the entire 3rd floor. The building is 100% occupied, with rents ranging from $1300 to $1350. All the units have been completely renovated with a modern flair and everything brand new including, flooring, kitchen, baths, plumbing, electric, appliances and more. There is air conditioned/heated hallways with communal laundry on the 1st and 2nd floors. 1628 Walnut is located within the vibrant community of Springfield just 1 mile north of downtown and amidst the active social scene of the area. Property being offered by owner/agent.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

5

PRICE/UNIT

$159,000

CAP RATE

6.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walnut Phoenix

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,080 SF

ZONING

RMD-S

APN/PARCEL ID

072301-0000

ASK ABOUT THIS PROPERTY

Richard SalterCompassMore Info
954-812-4801

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Richard SalterCompassMore Info
954-812-4801

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