1650 River Rd | Jacksonville, FL 32207
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1650 River Rd
Jacksonville, FL 32207
River Road Apartments · Multifamily Property For Sale
·
53 Units
Investment Highlights
- This fully occupied multifamily investment includes 53 units generating an impressive income of approximatley $70,000 per month.
- Property sits within the San Marcos neighborhood, near large medical centers, beautiful parks, and top-quality retail amenities.
- With 26 units fully renovated and 25 units partially renovated, a new owner can achieve optimal performance with minimal added investment.
- Operations are supported by a 5-mile population of more than 207k, with more than 56% currently renting their homes.
Property Facts
| No. Units | 53 | Building Size | 54,014 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1951 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 1.87 AC | ||
| Zoning | RMD-E, Jacksonville - Zoning RMD-D 15 units per acre | ||
| No. Units | 53 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.87 AC |
| Building Size | 54,014 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | RMD-E, Jacksonville - Zoning RMD-D 15 units per acre |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $1,000 | 360 |
| 1+1 | 42 | $1,425 | 392 - 812 |
| 2+1 | 2 | $1,925 | 977 |
| 4+2.5 | 1 | $2,750 | 2,638 |
Property Taxes
| Parcel Number | 080507-0000 | Improvements Assessment | $2,481,244 |
| Land Assessment | $2,768,756 | Total Assessment | $5,250,000 |
Property Taxes
Parcel Number
080507-0000
Land Assessment
$2,768,756
Improvements Assessment
$2,481,244
Total Assessment
$5,250,000
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