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2160 Riverside Ave 8 Unit Apartment Building $2,270,000 ($283,750/Unit) 6% Cap Rate Jacksonville, FL 32204
EXECUTIVE SUMMARY
Tremendous Turn-Key Multifamily Investment Opportunity
Renaissance Riverside Apartments is a flagship mid-century modern multifamily asset located in the heart of Riverside, one of Jacksonville’s most desirable and supply-constrained rental markets. This fully renovated 8-unit (2BR/1BA) property offers immediate, stabilized cash flow with strong upside protection through high-quality renovations and an excellent tenant profile.
Property Overview
Units: 8 total (all 2BR / 1BA)
Year Built: 1953
Total Living Area: 7,026 SF
Stories: 2
Lot Size: 0.25 acres
Zoning / Use: Multifamily – Investment
Current Status: 100% occupied, tenant-occupied
Asking Price: $2,270,000
2160
Recent Capital Improvements & Features
Completely remodeled units
Quartz countertops
Stainless steel appliance packages
(Frigidaire Gallery refrigerator, stove, built-in microwave, dishwasher)
Oversized 42” cabinetry
Double stainless sinks with disposal
Elfa closet systems
Washer & dryer in every unit
Smart, high-end interior upgrades throughout
Newer roof (2021)
Newer AC systems
Upscale finishes attracting a strong, long-term tenant base
Renaissance Riverside Apartments is a flagship mid-century modern multifamily asset located in the heart of Riverside, one of Jacksonville’s most desirable and supply-constrained rental markets. This fully renovated 8-unit (2BR/1BA) property offers immediate, stabilized cash flow with strong upside protection through high-quality renovations and an excellent tenant profile.
Property Overview
Units: 8 total (all 2BR / 1BA)
Year Built: 1953
Total Living Area: 7,026 SF
Stories: 2
Lot Size: 0.25 acres
Zoning / Use: Multifamily – Investment
Current Status: 100% occupied, tenant-occupied
Asking Price: $2,270,000
2160
Recent Capital Improvements & Features
Completely remodeled units
Quartz countertops
Stainless steel appliance packages
(Frigidaire Gallery refrigerator, stove, built-in microwave, dishwasher)
Oversized 42” cabinetry
Double stainless sinks with disposal
Elfa closet systems
Washer & dryer in every unit
Smart, high-end interior upgrades throughout
Newer roof (2021)
Newer AC systems
Upscale finishes attracting a strong, long-term tenant base
PROPERTY FACTS
| Price | $2,270,000 | Apartment Style | Low-Rise |
| Price Per Unit | $283,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 6% | Building Size | 7,826 SF |
| Gross Rent Multiplier | 10.9 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1953/2017 |
| Property Subtype | Apartment | Parking Ratio | 1.02/1,000 SF |
| Zoning | RO - Residential Office | ||
| Price | $2,270,000 |
| Price Per Unit | $283,750 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 10.9 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 7,826 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1953/2017 |
| Parking Ratio | 1.02/1,000 SF |
| Zoning | RO - Residential Office |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 090510-0000 | Improvements Assessment | $1,450,315 |
| Land Assessment | $239,755 | Total Assessment | $1,690,070 |
PROPERTY TAXES
Parcel Number
090510-0000
Land Assessment
$239,755
Improvements Assessment
$1,450,315
Total Assessment
$1,690,070
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2160 Riverside Ave
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