The investment property in Jacksonville where the owner wants to retire after 20 years in rentals, involves 39 units. All are currently at 100% capacity. Owner offices in one of the offices and tenants bring their monies to that office.
Gross Rents: $23,600 per month
5 Offices in one building
9 Duplexes (18 units)
16 SF homes
Owner wants $2,495,000.00 for all 38 units. Owner has done lots of updates with carpet, tile, paint, etc in most of the units. Profit and loss from January 1, 2019 to May 20, 2019 is currently $89,010.88 net income. 2018 taxes supplemental income and loss available upon request. Lots of room to increase rates per unit.
Properties are on C.R. 4215, Mary Jane, Adams, Dallas, Milton, College, Earl, Ridgecrest, Fuller, Harrison, Andrews, Fuller, Tyler, Pine, Elm, Marshall St, Pineda, and Main St. at Hwy 79.
do NOT contact me with unsolicited services or offers