2336 Herschel St - Multi-Family FOR SALE


Jacksonville, FL 32204- Riverside
$775,000 USD
904-999-9125
2336 Herschel St, Jacksonville, FL for Sale
$775,000 USD
Multi-Family - FOR SALE
1/6
null | Request Cap Rate

2336 Herschel St
Jacksonville, FL 32204
Riverside


HIGHLIGHTS

  • Major systems already upgraded, reducing future repair risk.
  • Oversized backyard with potential for parking, expansion, or outdoor amenities.
  • Minimal deferred maintenance for a true turnkey investment.
  • Strong long-term investment profile with stable rental income.
  • Over $70,000 in recent improvements for operational efficiency and tenant satisfaction.

OVERVIEW

This well-maintained 4-unit multifamily property presents a rare opportunity for investors seeking strong cash flow with minimal deferred maintenance. Over $70,000 in recent capital improvements have been completed, addressing critical systems and eliminating costly surprises that often impact multifamily ownership. The property is truly rental-ready and designed for low-maintenance operation. Major upgrades include a full plumbing repipe, professional moisture and mold remediation, enhanced insulation, and key interior improvements. These enhancements not only reduce long-term repair risk but also improve tenant appeal and operational efficiency. With an oversized backyard offering potential for parking, expansion, or outdoor amenities, this asset combines immediate income stability with future upside. Investors looking for a “set-and-forget” property will appreciate the extensive work already completed, ensuring peace of mind and long-term value. Whole-House Re-pipe – $25K Complete plumbing replacement behind walls to eliminate aging pipes, leaks, and future risk. Moisture & Mold Remediation – $25K Professional testing, remediation, drywall replacement, and moisture repairs for long-term integrity. Spray Foam & Insulation Upgrades – $5K Improved insulation for energy efficiency, moisture prevention, and pest control. Interior & Mechanical Improvements – $10K Upgraded toilets, appliances, doors, locks, and select furnishings for tenant appeal and durability. Landscaping & Exterior Maintenance – $5K Tree and bush removal with low-maintenance landscaping for ease of ownership.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

4

PRICE/UNIT

$193,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Herschel St.

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments, Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

090741-0000

ASK ABOUT THIS PROPERTY

Sarah ReedJPAR City and BeachMore Info
904-999-9125

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Sarah ReedJPAR City and BeachMore Info
904-999-9125

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