This 32-unit multifamily property in Orange Park, Florida, presents an attractive investment opportunity in a growing suburban market within the Jacksonville MSA. The property consists of two-story construction with a mix of 16 balcony units and 16 patio units, each offering two bedrooms and one bathroom. Built on approximately 1.86 acres, the community features concrete block and stucco construction with on-slab foundations, providing durability and low maintenance requirements.
Residents enjoy on-site amenities including a swimming pool, ample parking, and laundry facilities, enhancing tenant satisfaction and retention. The property is located across from the historic Club Continental and within walking distance to the St. Johns River, offering a desirable living environment. Its proximity to major employment centers such as Naval Air Station Jacksonville, Amazon, and the Jacksonville CBD ensures strong rental demand.
The site benefits from excellent connectivity via Park Avenue (US Highway 17) and easy access to I-295, providing convenient commutes throughout the region. Nearby retail, dining, and shopping options, including Orange Park Mall and Fleming Island, further enhance the property’s appeal. With a stable unit mix and strong location fundamentals, this asset offers investors the potential for consistent cash flow and long-term value appreciation in a high-demand rental market.