4646 Moncrief Rd | Jacksonville, FL 32209
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- LoopNet Team
4646 Moncrief Rd
Jacksonville, FL 32209
Palm Terrace · Multifamily Property For Sale
·
96 Units
Investment Highlights
- Link to deal room: https://properties.naihallmark.com/palm-terrace?template_id=5&safari-private=false
- Supply Constrained Submarket: No new multifamily development has been delivered in a 2-mile radius of the property in over thirty years.
- Redevelopment Opportunity: Palm Terrace presents a rare redevelopment opportunity in an urban, infill location of Jacksonville.
- Favorable Unit Mix: The property is comprised of all 2- and- 3- bedroom units, maximizing the rent potential upon completion.
- Major Nearby Capital Projects: Palm Terrace stands to benefit from the various capital projects ongoing in Jacksonville’s urban core.
Property Facts
| No. Units | 96 | Building Size | 70,986 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1963 |
| Building Class | F | Parking Ratio | 1.55/1,000 SF |
| Lot Size | 2.58 AC | ||
| Zoning | USDA | ||
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | F |
| Lot Size | 2.58 AC |
| Building Size | 70,986 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | USDA |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Kitchen
- Oven
- Tub/Shower
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Playground
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 22 | - | 656 |
| 3+1 | 74 | - | 764 |
Property Taxes
| Parcel Number | 085592-0000 | Improvements Assessment | $3,613,683 |
| Land Assessment | $1,409,017 | Total Assessment | $5,022,700 |
Property Taxes
Parcel Number
085592-0000
Land Assessment
$1,409,017
Improvements Assessment
$3,613,683
Total Assessment
$5,022,700
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