409 Jefferson Ave - Apartments FOR SALE
Orange Park, FL 32065 |
904-422-4549
409 Jefferson Ave
Orange Park, FL 32065
HIGHLIGHTS
- Deal Room: https://www.cbredealflow.com/handler/modern.aspx?pv=M4QqgtOPS-Q9m91juO610d7do7nS6IkRxNkEmcGA1iJM3_C9S-ta5IMbBRvRAkC_faUqrh1v6QU_eugXqbRFhA
- The property has historically been above 95% occupancy with near-perfect collections and minimal turnover due to the desirable single story layout.
- With pro forma expenses of $5,675 per unit, the property is offered above a 7.0% cap rate, outperforming similar North Florida assets.
- Clay County’s strict development environment and only one planned multifamily project support long term rent growth prospects.
- More than 70% of residents renew annually, supported by the rare single story design found in only two market rate communities locally.
OVERVIEW
CBRE, as the exclusive listing agent, is proud to offer Jefferson Way, a 56-unit, single-story, walk-up apartment community located in the desirable Orange Park submarket of Jacksonville, Florida. Strategically positioned at 409 Jefferson Avenue, just north of Blanding Boulevard, Jefferson Way provides residents with exceptional convenience to schools, retail, and HCA Florida Orange Park Hospital, all within a short distance.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Jefferson Way
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1987
PARKING SPACES
75
LAND DETAILS
LAND ACRES
3.86 AC
LAND SF
168,142 SF
ZONING
PUD
APN/PARCEL ID
40-04-25-020877-000-00
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904-422-4549
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904-422-4549
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