Colliers is pleased to present 2338 Oak Street in Jacksonville Florida. 2338 Oak Street is a 4-unit apartment building consisting of large 803 Squarefoot 1-bedroom 1-bathroom apartments with separate meters for utilities. The apartments are in classic condition with white or black appliances, vinyl countertops and real hard wood floors and tile throughout giving new ownership the ability to execute a value-add strategy of renovating unit interiors with modern finishes like stainless steel appliances, hard surface countertops etc. New ownership can further increase NOI by adding a coin laundry facility within the interior hallway of the building. 2338 Oak Street is located in the heart of historic riverside, a top rental market in the nation with 96% average occupancy and a supply constrained submarket. The property is convenient to many of Jacksonville’s most popular shopping, dining and entertainment venues including Five Points and is proximate to major demand drivers including St. Vincents Memorial Hospital and growing Downtown Jacksonville with over $8,000,000,000 dollars of commercial development currently in the pipeline.