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Gentle Woods 6421 Breezy Oaks Way 108 Unit Apartment Building $20,000,000 ($185,185/Unit) Jacksonville, FL 32244
Investment Highlights
- 108-Unit Build-to-Rent Community (27 Quad Buildings)
- Live Local tax abatement certificates in hand. 70% property tax reduction anticipated in 2026. Transferable to buyer.
- Platted Buildings – Ability to Sell Separately
- 95% occupied.
- $20,000,000 Total | $185,000 Per Door
- Rents performing in line with John Burn Report expectations
Executive Summary
New Build-to-Rent Community - Jacksonville, FL
Total Units - 108
Units Built - 76
Units to be Built - 32
95% Occupancy
Average Base Rent - $1,255 per month
Additional Income - $48.05 per month for trash and other resident benefits.
Total Purchase Price (108 units) - $20,000,000 ($185k per door)
Project details - The community consists of 27 four-unit buildings totaling 108 units. Each building is on a platted lot which enables the buildings to be sold separately.
Gentle Woods- Johns Burns Preconstruction Report included. Rents performing in line with John Burn Report expectations.
Completed units 95% occupied.
This property has qualified through the state of Florida for the Live Local tax abatement with certificates received from the state. We anticipate this will result in a property tax reduction of 70% for 2026 and beyond. Fully transferrable to buyer.
The transaction can be structured in two different ways:
Option #1:
Buyer to contract for the purchase of the entire community with all units to be closed upon completion of the entire community. At the end of Buyer's inspection period, Buyer will place a $2m deposit. Upon receipt of the deposit, Seller will commence construction on the remaining units. Buyer to close on entire community within 60 days after CO of the last building.
Option #2:
Buyer to contract for the purchase of the entire community in two closings. The first closing will consist of the 76 completed units and will occur 30 days after expiration of the inspection period. The second closing will occur within 60 days after the CO of the remaining 32 units.
Total Units - 108
Units Built - 76
Units to be Built - 32
95% Occupancy
Average Base Rent - $1,255 per month
Additional Income - $48.05 per month for trash and other resident benefits.
Total Purchase Price (108 units) - $20,000,000 ($185k per door)
Project details - The community consists of 27 four-unit buildings totaling 108 units. Each building is on a platted lot which enables the buildings to be sold separately.
Gentle Woods- Johns Burns Preconstruction Report included. Rents performing in line with John Burn Report expectations.
Completed units 95% occupied.
This property has qualified through the state of Florida for the Live Local tax abatement with certificates received from the state. We anticipate this will result in a property tax reduction of 70% for 2026 and beyond. Fully transferrable to buyer.
The transaction can be structured in two different ways:
Option #1:
Buyer to contract for the purchase of the entire community with all units to be closed upon completion of the entire community. At the end of Buyer's inspection period, Buyer will place a $2m deposit. Upon receipt of the deposit, Seller will commence construction on the remaining units. Buyer to close on entire community within 60 days after CO of the last building.
Option #2:
Buyer to contract for the purchase of the entire community in two closings. The first closing will consist of the 76 completed units and will occur 30 days after expiration of the inspection period. The second closing will occur within 60 days after the CO of the remaining 32 units.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 108 | $1,295 | 952 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $2,106,741 | |
| Land Assessment | $900,000 | Total Assessment | $3,006,741 |
Property Taxes
Parcel Numbers
Land Assessment
$900,000
Improvements Assessment
$2,106,741
Total Assessment
$3,006,741
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