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7631 Indian Lakes 7631 Indian Lakes Dr 4 Unit Apartment Building $450,000 ($112,500/Unit) 7.55% Cap Rate Jacksonville, FL 32210
Investment Highlights
- Turn-key asset with recent upgrades including a 2026 HVAC in Unit #1 and new 2026 water heater in Unit 4.
- 100% occupancy
- Separate meters for utilities
- Value-add opportunity with below market rents and all 4 units still in "classic condition"
- Highly desirable unit mix of large 926 sf 2-bedroom and 2-bath units
- Walkable to shopping including a Publix shopping center, Walmart and many other retailers.
Executive Summary
Colliers Multifamily Florida Team is pleased to present Indian Lakes in Jacksonville, Florida. This 4-unit property is located with Jacksonville’s high demand submarket off 103rd Street on the west side of Jacksonville. The property is 100% occupied and features a highly desirable unit mix of all large 2-bedroom and 2-bath units totaling 926 square feet each. The property is convenient to many retail and shopping destinations like Publix and Walmart and is proximate to demand drivers such as an Amazon Distribution Center, Cecil Air Field, Naval Air Station Jacksonville and booming Downtown Jacksonville with an approximately 8 billion dollar pipeline of mixed-use development.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Price | $450,000 | Apartment Style | Low-Rise |
| Price Per Unit | $112,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 7.55% | 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 - Residential Medium Density | ||
| Price | $450,000 |
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| Cap Rate | 7.55% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 3,704 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1984 |
| Zoning | RMD-D - Residential Medium Density |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 014273-4135 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $274,326 |
Property Taxes
Parcel Number
014273-4135
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$274,326
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7631 Indian Lakes | 7631 Indian Lakes Dr