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.
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
Exclusively Listed By
Financing By
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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