2160 Riverside Ave - Apartments FOR SALE


Jacksonville, FL 32204- Riverside
$2,270,000 USD
904-999-9125
2160 Riverside Ave, Jacksonville, FL for Sale
$2,270,000 USD
Apartments - FOR SALE
1/29
null | 6% Cap Rate

2160 Riverside Ave
Jacksonville, FL 32204
Riverside


OVERVIEW

Tremendous Turn-Key Multifamily Investment Opportunity Renaissance Riverside Apartments is a flagship mid-century modern multifamily asset located in the heart of Riverside, one of Jacksonville’s most desirable and supply-constrained rental markets. This fully renovated 8-unit (2BR/1BA) property offers immediate, stabilized cash flow with strong upside protection through high-quality renovations and an excellent tenant profile. Property Overview Units: 8 total (all 2BR / 1BA) Year Built: 1953 Total Living Area: 7,026 SF Stories: 2 Lot Size: 0.25 acres Zoning / Use: Multifamily – Investment Current Status: 100% occupied, tenant-occupied Asking Price: $2,270,000 2160 Recent Capital Improvements & Features Completely remodeled units Quartz countertops Stainless steel appliance packages (Frigidaire Gallery refrigerator, stove, built-in microwave, dishwasher) Oversized 42” cabinetry Double stainless sinks with disposal Elfa closet systems Washer & dryer in every unit Smart, high-end interior upgrades throughout Newer roof (2021) Newer AC systems Upscale finishes attracting a strong, long-term tenant base

FOR SALE DETAILS

PRICE

$2,270,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

8

PRICE/UNIT

$283,750

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RO

APN/PARCEL ID

090510-0000

ASK ABOUT THIS PROPERTY

Sarah ReedKeller Williams Realty Atlantic Partners SouthsideMore Info
904-999-9125

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Sarah ReedKeller Williams Realty Atlantic Partners SouthsideMore Info
904-999-9125

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