741 Park Ave | Orange Park, FL 32073
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- LoopNet Team
741 Park Ave
Orange Park, FL 32073
Park Village · Multifamily Property For Sale
·
120 Units
INVESTMENT HIGHLIGHTS
- 120-unit Value-Add Momentum Community in Desirable Orange Park, FL; Well-Situated in the Jacksonville MSA
- Excellent Unit Mix with 84% Two- and Three-Bedroom Large Floor Plans; Attractive Amenity Package With Ability to Enhance
- Strategic Value-Add Strategy with Potential to Increase In-Place Rents Over $400/Unit; Jacksonville Rents Increased 18.6% Y-o-Y
- Significant Capital Expenditure of over $1.6 Million in Recent Renovations
- Jacksonville is a Highly Ranked City in Florida with Numerous Accolades
- Immediate Ability to Increase Top Line Income; Strong Financial Growth Trend Taking Place at the Property
PROPERTY FACTS
| No. Units | 120 | Lot Size | 6.50 AC |
| Property Type | Multifamily | Building Size | 115,940 SF |
| Property Subtype | Apartment | Average Occupancy | 93% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1968 |
| Zoning | R-3, Orange Park - Residential | ||
| No. Units | 120 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.50 AC |
| Building Size | 115,940 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1968 |
| Zoning | R-3, Orange Park - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Dining Room
- Smoke Free
- Vinyl Flooring
SITE AMENITIES
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Pet Play Area
- Maintenance on site
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | - |
| 2+2 | 80 | - | - |
| 3+2 | 20 | - | - |
PROPERTY TAXES
| Parcel Number | 50-04-26-018523-000-00 | Improvements Assessment | $13,900,284 |
| Land Assessment | $1,699,716 | Total Assessment | $15,600,000 |
PROPERTY TAXES
Parcel Number
50-04-26-018523-000-00
Land Assessment
$1,699,716
Improvements Assessment
$13,900,284
Total Assessment
$15,600,000
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