Historical Multifamily Sale Listing - Hampton Villa Apartments - 62 Unit HAP Contract

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Hampton Villa Apartments - 62 Unit HAP Contract

3190 Edgewood Avenue, Jacksonville, FL 32209

N/A

62 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
62
Building Size:
49,000 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Government Subsidized
Property Use Type:
Investment
Cap Rate:
10%
Occupancy:
100%
No. Stories:
2
Year Built:
1969
Lot Size:
3.40 AC
Listing ID
16931428
Last Updated
over 1 year ago

Highlights

  • Historical high occupancy, currently 100%.
  • Near the airport & cruise terminal
  • Guaranteed Rents & Income
  • 100 % Occupancy With Waiting List
  • Well constructed - Solid, easy to maintain concrete block construction with stucco.
  • Rare Investment Opportunity - 10% CAP!

Description

GUARANTEED RENTS - RECESSION PROOF!
The 62 Unit Hampton Villas Apartments is a Seniors Project Based HAP property with 100% Occupancy that has been well managed and maintained.

The long term 100% stable occupancy, lengthy waiting list, low turnover, and guaranteed rent payments creates a very low risk and easy to manage investment opportunity with future upside potential due to automatic
rental rate increases each year.

The property is well built with concrete block and stucco.

Offered at a 10% CAP Rate.

For a complete package please email.

Located on the Northside of Jacksonville

Map of 3190 Edgewood Avenue, Jacksonville, FL 32209 (Duval County)

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Created 11/29/2010