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Multifamily

Merrill Oaks

5659 Merrill Rd, Jacksonville, FL 32277

Listing Price: $1,590,000

Cap Rate
6.29%
GRM
8.09

Investment Overview

An 18-unit multifamily community in Jacksonville, FL with a defendable upside potential.

Investment Highlights

  • An 18-unit multifamily community in Jacksonville, FL
  • Defendable upside potential with a 33% increase in Effective Gross Income possible by end of Year Two through continued unit interior and common area improvements
  • $200+ of potential rental upside
  • Three bed/two bath house on-site
  • Recently completed major capital improvements, including renovated interiors and a comprehensive plumbing installation
  • Concrete block construction
  • Walking distance to Jacksonville University—A private university consistently ranked among the Best Regional Universities in the South by U.S. News & World Report
  • Five miles to Downtown Jacksonville's bustling core, offering easy access to world-class restaurants, cultural attractions, nightlife and a variety of employment opportunities

Exclusively Listed By

Financing By

Multifamily

Merrill Oaks

Investment Highlights

  • An 18-unit multifamily community in Jacksonville, FL
  • Defendable upside potential with a 33% increase in Effective Gross Income possible by end of Year Two through continued unit interior and common area improvements
  • $200+ of potential rental upside
  • Three bed/two bath house on-site
  • Recently completed major capital improvements, including renovated interiors and a comprehensive plumbing installation
  • Concrete block construction
  • Walking distance to Jacksonville University—A private university consistently ranked among the Best Regional Universities in the South by U.S. News & World Report
  • Five miles to Downtown Jacksonville's bustling core, offering easy access to world-class restaurants, cultural attractions, nightlife and a variety of employment opportunities

Investment Overview

An 18-unit multifamily community in Jacksonville, FL with a defendable upside potential.

Exclusively Listed By

Financing By

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