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NEW JAX APTS 2804 W 1st St 26 Unit Apartment Building $895,000 ($34,423/Unit) Jacksonville, FL 32254

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INVESTMENT HIGHLIGHTS

  • 2804 W 1st Steet presents a 1.12-acre lot improved by 26 apartment units among multiple buildings.
  • An untapped, cash cow property primed for redevelopment.
  • The West Jacksonville neighborhood is just a five-minute drive to shopping and entertainment in Downtown Jacksonville.

EXECUTIVE SUMMARY

2804 W 1st Street, a 1.12-acre site improved by 26 apartment units, presented as a contractor's special. The large land site has five buildings on a single lot, which are entirely vacant. The buildings comprise rock-solid concrete block construction with massive potential in a quiet, West Jacksonville neighborhood, next to Paxon.
Property has been recently entirely fenced out and is totally secure. One of the front biuldings has new windows and fresh paint, so that you can get an idea of how the property can look like...
With the approval of the downtown redevelopment project last year, "one of the largest-ever urban core revitalizations in the US", valued at over 2 billion dollars, there has never been a better time to invest in Jacksonville.

PROPERTY FACTS

Price $895,000
Price Per Unit $34,423
Sale Type Investment
Sale Conditions
Deferred Maintenance
  • High Vacancy Property
  • Redevelopment Project
No. Units 26
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.12 AC
Building Size 14,392 SF
Average Occupancy 0%
No. Stories 2
Year Built 1967
Zoning RMD-D - Residential Medium Density

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 26 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
049521-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$353,086
  • Listing ID: 34834311

  • Date on Market: 2/14/2025

  • Last Updated:

  • Address: 2804 W 1st St, Jacksonville, FL 32254

Contact the Sale Advisor

NEW JAX APTS | 2804 W 1st St

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