Description

Nia Terrace is a 237 unit apartment complex in Jacksonville set to be auctioned on November 20, 2009 with a disclosed minimum bid of $1.6 million. The property is conveniently located on Jammes Road enjoying easy access to I-295 and I-10 and is just west of the beautiful St. Johns River. Nia Terrace is comprised of 21 buildings and is only moments from Jacksonville Naval Air Station (23,000 jobs), which is undergoing a massive $360 million project, Cecil Commerce Center, set to become Jacksonville' s industrial hub, and Downtown Jacksonville, which employs over 70,000 people. This apartment community is a mixture of 1, 2 & 3 bedroom units and is constructed of concrete block with dimensional shingles over wood frame and has recent roof replacements and exterior painting. To maximize value, the property will require continued renovations till all units are in rentable condition. Will sell over a bid of $1.6 million.

From I-295, exit east on Wilson Blvd/SR208, go to Ln Ave S/SR103, turn left and go to San Juan Ave/SR128 and turn right. Go to Jammes Rd, turn right. Property is on left.
Alt route from I-10 is to exit south onto Ln Ave S/SR103 and go to San Juan Ave/SR128, turning left and go to Jammes Road.