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409 Jefferson Ave
Orange Park, FL 32065
Jefferson Way · Multifamily Property For Sale
·
56 Units
Investment Highlights
- Deal Room: https://www.cbredealflow.com/handler/modern.aspx?pv=M4QqgtOPS-Q9m91juO610d7do7nS6IkRxNkEmcGA1iJM3_C9S-ta5IMbBRvRAkC_faUqrh1v6QU_eugXqbRFhA
- With pro forma expenses of $5,675 per unit, the property is offered above a 7.0% cap rate, outperforming similar North Florida assets.
- More than 70% of residents renew annually, supported by the rare single story design found in only two market rate communities locally.
- The property has historically been above 95% occupancy with near-perfect collections and minimal turnover due to the desirable single story layout.
- Clay County’s strict development environment and only one planned multifamily project support long term rent growth prospects.
Property Facts
| No. Units | 56 | Building Size | 31,200 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1987 |
| Building Class | C | Parking Ratio | 2.4/1,000 SF |
| Lot Size | 3.86 AC | ||
| Zoning | PUD - Planned urban Development | ||
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.86 AC |
| Building Size | 31,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1987 |
| Parking Ratio | 2.4/1,000 SF |
| Zoning | PUD - Planned urban Development |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Sunroom
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Corporate Suites
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 288 |
| 1+1 | 40 | - | 576 |
| 2+1 | 3 | - | 864 |
| 2+2 | 2 | - | 864 |
Property Taxes
| Parcel Number | 40-04-25-020877-000-00 | Improvements Assessment | $3,051,200 |
| Land Assessment | $308,800 | Total Assessment | $3,360,000 |
Property Taxes
Parcel Number
40-04-25-020877-000-00
Land Assessment
$308,800
Improvements Assessment
$3,051,200
Total Assessment
$3,360,000
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