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Multifamily

New Jax Apartments

2852 W 1st St, Jacksonville, FL 32254

Listing Price: Request For Offer

Number of Units
24
Gross SF
16,500

Investment Overview

Marcus & Millichap is pleased to offer to qualified investors, New Jax Apartments, a 24-Unit Multifamily Asset located in Jacksonville, FL. Built in 1973, the current owner has infused over $600,000 in capital expenditures throughout his length of ownership including interior, exterior, and structural renovations to the four buildings that sit on-site. Investors have the Opportunity to Capitalize on Below-Market Rents on Day 1 by Raising Rents to Competitive Market Rates. There is Over $6 Billion of Mixed-Use Developments Currently Planned or Under Construction within 15-Minutes of New Jax Apartments, providing Close Proximity to Cutting-Edge Developments in the Jacksonville Area.

Investment Highlights

  • 24-Unit Multifamily Property Consisting Of 1-Bedroom and 2-Bedroom Units.
  • With $600,000 in Capital Expenditures Invested in the Property from the Current Owner, a New Investor can Capitalize on All Updates on Day 1.
  • Ownership Has Below-Market Rents where an Investor could come in and Increase Rents over 20% to Competitive Market Rates.
  • Investors Have the Opportunity to Build and Supply a Laundry Facility On-Site with the use of Additional Greenspace, Providing Tenants with an Additional Amenity On-Site that Other Complexes in the Area do not Provide.
  • Over $6 Billion of Mixed-Use Developments Currently Planned or Under Construction within 15-Minutes of New Jax Apartments.

Exclusively Listed By

Financing By

Multifamily

New Jax Apartments

Listing Price: Request For Offer

Number of Units
24
Gross SF
16,500

Investment Highlights

  • 24-Unit Multifamily Property Consisting Of 1-Bedroom and 2-Bedroom Units.
  • With $600,000 in Capital Expenditures Invested in the Property from the Current Owner, a New Investor can Capitalize on All Updates on Day 1.
  • Ownership Has Below-Market Rents where an Investor could come in and Increase Rents over 20% to Competitive Market Rates.
  • Investors Have the Opportunity to Build and Supply a Laundry Facility On-Site with the use of Additional Greenspace, Providing Tenants with an Additional Amenity On-Site that Other Complexes in the Area do not Provide.
  • Over $6 Billion of Mixed-Use Developments Currently Planned or Under Construction within 15-Minutes of New Jax Apartments.

Investment Overview

Marcus & Millichap is pleased to offer to qualified investors, New Jax Apartments, a 24-Unit Multifamily Asset located in Jacksonville, FL. Built in 1973, the current owner has infused over $600,000 in capital expenditures throughout his length of ownership including interior, exterior, and structural renovations to the four buildings that sit on-site. Investors have the Opportunity to Capitalize on Below-Market Rents on Day 1 by Raising Rents to Competitive Market Rates. There is Over $6 Billion of Mixed-Use Developments Currently Planned or Under Construction within 15-Minutes of New Jax Apartments, providing Close Proximity to Cutting-Edge Developments in the Jacksonville Area.

Exclusively Listed By

Financing By

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