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Brooklyn Heights 821-835 Minnie St 8 Unit Apartment Building $885,000 ($110,625/Unit) 8.10% Cap Rate Jacksonville, FL 32204
Investment Highlights
- Separately Metered | Professional Management
- High Growth Region
- Turnkey Investment
Executive Summary
BROOKLYN HEIGHTS | 8-Unit Downtown Apartment Living. All units feature (2) bedroom, (1) bath layout. Separate water & electric for ultra-efficient ownership. Professional management in place. 100% leased. Updated flooring in all units; bathroom vanities in all units; updated fridge & stove packages in all units.
Cost Analysis Performed as Rental Property
In:
Rent - $95,580.00
Out:
(Annual) Property Taxes - $7,462.00
(Annual) Estimated Insurance - $6,120.00
(Annual) Property Management (Optional) - $7,646.40
(Annual) Estimated Utilities/Lawn/Repair/Misc. -$2,700.00
Total Costs - $23,928.40
Net: $71,651.60
Earn:
Total yearly net equates to - $71,651.60
Total monthly gross equates to - $7,965.00
TOTAL MONTHLY NET EQUATES TO - $5,970.97
Cost Analysis Performed as Rental Property
In:
Rent - $95,580.00
Out:
(Annual) Property Taxes - $7,462.00
(Annual) Estimated Insurance - $6,120.00
(Annual) Property Management (Optional) - $7,646.40
(Annual) Estimated Utilities/Lawn/Repair/Misc. -$2,700.00
Total Costs - $23,928.40
Net: $71,651.60
Earn:
Total yearly net equates to - $71,651.60
Total monthly gross equates to - $7,965.00
TOTAL MONTHLY NET EQUATES TO - $5,970.97
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$71,685
|
$12.74
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $71,685 |
| Annual Per SF | $12.74 |
Property Facts
| Price | $885,000 | Apartment Style | Garden |
| Price Per Unit | $110,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 8.10% | Building Size | 5,625 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1951 |
| Price | $885,000 |
| Price Per Unit | $110,625 |
| Sale Type | Investment |
| Cap Rate | 8.10% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 5,625 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1951 |
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 075752-0000 | Improvements Assessment | $412,655 |
| Land Assessment | $35,000 | Total Assessment | $447,655 |
Property Taxes
Parcel Number
075752-0000
Land Assessment
$35,000
Improvements Assessment
$412,655
Total Assessment
$447,655
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Brooklyn Heights | 821-835 Minnie St