547 28th St
Jacksonville, FL 32206
Parkside Terrace · Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 4,632 SF |
| Property Subtype | Apartment | Average Occupancy | 75% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1927/2017 |
| Zoning | RLD-60 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 4,632 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1927/2017 |
| Zoning | RLD-60 |
About 547 28TH ST , JACKSONVILLE, FL 32206
Introducing Parkside Terrace, an (8) unit apartment community adjacent to serene park setting. Each apartment features one bedroom, one bath with separate electric meter. Exterior Walls: Stucco. Lot Size: 5,280 SQFT. Roof: Built-up, replaced in 2008. Construction: Masonry. Located in neighborhood of Northwest Springfield, directly on a park. Many units renovated in 2017. Strong opportunity to purchase and add further value thru rental increases (current average rent per unit of $500; market rate rent per unit of $600). Proforma Year 1 cap rate of 12.57%. Cost Analysis Performed as Rental Property In: Rent - $48,000.00 Out: (Annual) Property Taxes - $2,249.00 (Annual) Estimated Insurance - $2,823.00 (Annual) Property Management (Optional) - $3,600.00 (Annual) Estimated Utilities/Lawn/Misc. $4,632.00 Total Costs - $13,304.00 Net: $34,696.00 Earn: Total yearly net equates to - $34,696.00 Total monthly gross equates to - $4,000.00
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $550.00 | - |
Property Taxes
| Parcel Number | 087646-0010 | Improvements Assessment | $362,880 |
| Land Assessment | $16,405 | Total Assessment | $379,285 |
Property Taxes
