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1504 15th St 4 Unit Apartment Building $275,000 ($68,750/Unit) 10.01% Cap Rate Jacksonville, FL 32209
Investment Highlights
- Clear Title | Ready to Close
- Massive Upside
- 75% Leased | Vacant Unit Pending Move-In
Executive Summary
CORPORATE LIQUIDATION SALE. Fourplex, 3 of 4 units occupied. Professional management in place. Positioned near the I-95 corridor, the well-established Mid-Westside neighborhood features houses and condos for rent with convenient access to major city thoroughfares. Residents enjoy an easy commute to downtown Jacksonville and the St. Johns River, both less than 10 miles south. Baseball Hall of Fame members including Hank Aaron, Roy Campanella, and Satchel Paige played at historic Durkee Field in this neighborhood.
Cost Analysis Performed as Rental Property
In:
Rent - $42,600.00
Out:
(Annual) Property Taxes - $2,663.00
(Annual) Estimated Insurance - $4,508.00
(Annual) Property Management (Optional) - $3,408.00
(Annual) Estimated Utilities/Lawn/Repair/Misc. - $4,500.00
Total Costs - $15,079.00
Net: $27,521.00
Earn:
Total yearly net equates to - $27,521.00
Total monthly gross equates to - $3,550.00
TOTAL MONTHLY NET EQUATES TO - $2,293.42
Cost Analysis Performed as Rental Property
In:
Rent - $42,600.00
Out:
(Annual) Property Taxes - $2,663.00
(Annual) Estimated Insurance - $4,508.00
(Annual) Property Management (Optional) - $3,408.00
(Annual) Estimated Utilities/Lawn/Repair/Misc. - $4,500.00
Total Costs - $15,079.00
Net: $27,521.00
Earn:
Total yearly net equates to - $27,521.00
Total monthly gross equates to - $3,550.00
TOTAL MONTHLY NET EQUATES TO - $2,293.42
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$27,527
|
$5.41
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $27,527 |
| Annual Per SF | $5.41 |
Property Facts
| Price | $275,000 | Property Subtype | Apartment |
| Price Per Unit | $68,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 10.01% | Building Size | 2,964 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1961/2024 |
| Zoning | RLD-60 | ||
| Price | $275,000 |
| Price Per Unit | $68,750 |
| Sale Type | Investment |
| Cap Rate | 10.01% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,964 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2024 |
| Zoning | RLD-60 |
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Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 046440-0000 | Improvements Assessment | $135,854 |
| Land Assessment | $14,018 | Total Assessment | $149,872 |
Property Taxes
Parcel Number
046440-0000
Land Assessment
$14,018
Improvements Assessment
$135,854
Total Assessment
$149,872
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1504 15th St