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1659 Dot St 2 Unit Apartment Building Offered at $179,000 at a 8.91% Cap Rate Jacksonville, FL 32209
Investment Highlights
- #1 MSA for Net Migration in US
- #5 MSA in US for Rising Rent Competitiveness
- #2 Hottest Job Market in US
Executive Summary
CORPORATE LIQUIDATION SALE: Duplex | 100% Leased. Each unit leased at $1,100/month. Professional management in place. Located across from Ed Waters college dorms.
Cost Analysis Performed as Rental Property
In:
Rent - $26,400.00
Out:
(Annual) Property Taxes - $1,583.00
(Annual) Estimated Insurance - $2,254.00
(Annual) Property Management (Optional) - $2,112.00
(Annual) Estimated Utilities/Lawn/Repair/Misc. -$4,500.00
Total Costs - $10,449.00
Net: $15,951.00
Earn:
Total yearly net equates to - $15,951.00
Total monthly gross equates to - $2,200.00
TOTAL MONTHLY NET EQUATES TO - $1,329.25
Cost Analysis Performed as Rental Property
In:
Rent - $26,400.00
Out:
(Annual) Property Taxes - $1,583.00
(Annual) Estimated Insurance - $2,254.00
(Annual) Property Management (Optional) - $2,112.00
(Annual) Estimated Utilities/Lawn/Repair/Misc. -$4,500.00
Total Costs - $10,449.00
Net: $15,951.00
Earn:
Total yearly net equates to - $15,951.00
Total monthly gross equates to - $2,200.00
TOTAL MONTHLY NET EQUATES TO - $1,329.25
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$15,948
|
$10.40
|
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 | $15,948 |
| Annual Per SF | $10.40 |
Property Facts
| Price | $179,000 | Property Type | Multifamily |
| Price Per Unit | $89,500 | Building Size | 1,534 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 8.91% | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1959/2024 |
| Price | $179,000 |
| Price Per Unit | $89,500 |
| Sale Type | Investment |
| Cap Rate | 8.91% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 1,534 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2024 |
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Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
40/100
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1659 Dot St