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Cambridge Park 1110 Caliente Dr 52 Unit Apartment Building For Sale Jacksonville, FL 32211
Investment Highlights
- • Upside o Rents which are below average Jacksonville market.
- o Implementation of RUBS of $50-$60 per month per unit.
Executive Summary
The multifamily asset situated at 1110 Caliente Drive, commonly known as Cambridge Park Apartments, represents a stabilized residential community within the Arlington submarket of Jacksonville, Florida. This 52-unit garden-style apartment complex is positioned on approximately 0.99 acres of land. Constructed in 1960 and having undergone significant capital improvements in 2014, the property offers significant upside with rents below market. The asset’s strategic location within the 32211 zip code places it at the center of a historical neighborhood currently undergoing a phase of urban revitalization and commercial infill development. The property is characterized by its garden-style layout, featuring open courtyards and community spaces that emphasize a private, quiet residential experience within a densely populated urban area. The structural composition utilizes masonry and stucco exterior materials, offering durability against the regional climate while maintaining a low-maintenance facade
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Property Facts
| Sale Type | Investment | Lot Size | 0.99 AC |
| No. Units | 52 | Building Size | 32,970 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1960/2014 |
| Building Class | C | Parking Ratio | 1.67/1,000 SF |
| Zoning | CRO - • CRO (Commercial, residential, office) zoning. | ||
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.99 AC |
| Building Size | 32,970 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2014 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | CRO - • CRO (Commercial, residential, office) zoning. |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Grill
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 400 |
| 1+1 | 40 | - | 650 |
| 2+1 | 4 | - | 800 |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 129323-0000 | Improvements Assessment | $2,344,381 |
| Land Assessment | $641,119 | Total Assessment | $2,985,500 |
Property Taxes
Parcel Number
129323-0000
Land Assessment
$641,119
Improvements Assessment
$2,344,381
Total Assessment
$2,985,500
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