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Indian Lakes and Ricker Rd Investments 7619 Indian Lakes Dr 4 Unit Apartment Building $525,000 ($131,250/Unit) 7.84% Cap Rate Jacksonville, FL 32210
Executive Summary
Acquire a stabilized quadplex totaling 4 units at 7619 Indian Lakes Dr, positioned in Jacksonville's established Westside rental corridor. 100% occupied, rented at $1100 each, delivering immediate income with upside potential.
Located roughly 10-12 miles from Amazon and Wayfair fulfillment and distribution centers within the Cecil Commerce logistics hub, and minutes from Cecil Field. The area also benefits from proximity to NAS Jacksonville, providing consistent tenant demand from military and civilian personnel.
The properties offer convenient access to major highways and are approximately 15 minutes from Downtown Jacksonville. An ideal opportunity for investors seeking stable cash flow in a market driven by national employers and long-term economic growth.
Can be sold with 5126 Ricker Rd, Units 1-4, MLS # 2129234, contact us for more information.
Located roughly 10-12 miles from Amazon and Wayfair fulfillment and distribution centers within the Cecil Commerce logistics hub, and minutes from Cecil Field. The area also benefits from proximity to NAS Jacksonville, providing consistent tenant demand from military and civilian personnel.
The properties offer convenient access to major highways and are approximately 15 minutes from Downtown Jacksonville. An ideal opportunity for investors seeking stable cash flow in a market driven by national employers and long-term economic growth.
Can be sold with 5126 Ricker Rd, Units 1-4, MLS # 2129234, contact us for more information.
Property Facts
| Price | $525,000 | Apartment Style | Low-Rise |
| Price Per Unit | $131,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 7.84% | Building Size | 3,704 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1984 |
| Zoning | RMD-D - RMD-D zoning stands for Residential Medium Density – Duplex/Multifamily and is intended to accommodate medium-density residential development. | ||
| Price | $525,000 |
| Price Per Unit | $131,250 |
| Sale Type | Investment |
| Cap Rate | 7.84% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 3,704 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1984 |
| Zoning | RMD-D - RMD-D zoning stands for Residential Medium Density – Duplex/Multifamily and is intended to accommodate medium-density residential development. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,100 | 926 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 014273-4120 | Improvements Assessment | $274,985 |
| Land Assessment | $102,533 | Total Assessment | $377,518 |
Property Taxes
Parcel Number
014273-4120
Land Assessment
$102,533
Improvements Assessment
$274,985
Total Assessment
$377,518
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