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888 Franklin St
Jacksonville, FL 32206
Downtown East · Multifamily Property For Sale
·
98 Units
Property Facts
| No. Units | 98 | Building Size | 65,492 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1971/2017 |
| Building Class | C | Parking Ratio | 1.1/1,000 SF |
| Lot Size | 1.68 AC | ||
| Zoning | RMD-D - Opportunity Zone | ||
| No. Units | 98 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.68 AC |
| Building Size | 65,492 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1971/2017 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | RMD-D - Opportunity Zone |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Security System
- Grill
- Elevator
About 888 FRANKLIN ST , JACKSONVILLE, FL 32206
Great value-add and high cash flowing opportunity very close to down town. Potential to add 60 to 80 more units in addition to existing 98 units. Located in Jacksonville Down Town East, few blocks away from Jaguars Everbank stadium / Daily's Place Amphitheater / Sports Complex / upcoming Entertainment District and new mixed-use Shipyard project. PLEASE SEE MORE DETAILS IN THE NEW JAGUARS ANNOUNCEMENT ON 04/19TH: http://www.jacksonville.com/photogallery/LK/20180419/NEWS/419009993/PH/1?start=2 Major upgrades are done in the last 24 months including New Roof, Elevator equipment, many updated Units, Plumbing improvement, Gazebo, Solar Panels etc, leaving close to zero CAPEX needed! ------------------------------------------------------------------- * Entertainment District by Jags (Walkable distance!!): https://www.news4jax.com/community/jaguars-plan-to-turn-parking-lot-into-entertainment-complex https://www.news4jax.com/news/local/jacksonville/mayor-big-things-could-be-coming-to-downtown-jacksonville * Downtown Revitalization Projects (Most of them few blocks away!): https://www.news4jax.com/news/local/jacksonville/city-reviewing-shipyards-proposal-rankings https://www.jaxdailyrecord.com/article/the-cawton-report-state-of-downtown-shows-billions-in-projects
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 53 | $550.00 | 460 |
| 1+1 | 45 | $625.00 | 552 |
Property Taxes
| Parcel Number | 122486-0000 | Improvements Assessment | $3,523,707 |
| Land Assessment | $2,534,293 | Total Assessment | $6,058,000 |
Property Taxes
