29 Hay Ave - Multi-Family FOR SALE


Jacksonville, FL 32216- Glynlea/Grove Park | 
$2,495,000 USD
904-570-2554
29 Hay Ave, Jacksonville, FL for Sale
$2,495,000 USD
Multi-Family - FOR SALE
1/19
null | 9.33% Cap Rate

29 Hay Ave
Jacksonville, FL 32216
Glynlea/Grove Park


HIGHLIGHTS

  • In-Place Income + Upside: Existing income with lease-up and rent-growth potential, supported by recent renewals and tenant retention.
  • Ongoing Capital Investment: Recent roof, HVAC, plumbing, and electrical improvements across select properties.
  • Income-Producing SFR Portfolio Offered as a Single Acquisition

OVERVIEW

Opportunity to acquire a 21-unit residential rental portfolio spanning 18 properties throughout the Jacksonville, Florida market. The portfolio includes 15 single-unit residential properties, one duplex, and two properties featuring two residential units/buildings on a single parcel, totaling approximately 20,282 SF and offering immediate scale through a single acquisition. Lease terms include a combination of fixed-term and month-to-month leases, providing in-place rental income with additional upside through lease-up of select vacancies, future lease renewals, rental-rate management and operating efficiencies. Recent lease renewals further demonstrate tenant retention. Ownership has made ongoing capital investments across the portfolio. Records reflect roof replacements and updates from approximately 2013–2024, HVAC improvements and replacements from 2019–2024, plumbing repipes from 2022–2024 and electrical upgrades from 2021–2024 at select properties. With 21 units distributed across 18 individual properties, the offering provides diversification across multiple residential rental assets and Jacksonville-area submarkets, with an opportunity to establish or expand an existing rental portfolio through a single acquisition. Detailed property-level information, rent roll and additional due diligence materials are available to qualified prospective purchasers. Photos shown depict a majority of the properties included in the portfolio. Representative listing address only. Portfolio submarkets span ZIP codes 32073, 32207, 32216, 32208, 32206, 32254 and 32209. Financial information, rents, expenses, NOI, cap rate, square footage and other property information are approximate and based on information provided by ownership and available records. Prospective purchasers should independently verify all information and perform their own due diligence.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

21

PRICE/UNIT

$118,810

CAP RATE

9.33%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

21-Unit Residential Rental Portfolio

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential

APN/PARCEL ID

145251-0000

ASK ABOUT THIS PROPERTY

Carolina SalcedoMomentum RealtyMore Info
904-570-2554

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Carolina SalcedoMomentum RealtyMore Info
904-570-2554

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