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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 | 1971 |
| 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 | 1971 |
| 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
CALL FOR OFFERS - February 19th, 2019 4:30pm Downtown East 98-Unit, Four-Story, U-Shaped, Interior-Corridor, All Concrete, Flat Roof, Fenced-In, BBQ Courtyard, Community Room with kitchen, Leasing Office, 6-Storage Rooms, Elevator, 3-Staircases. All units are studios and one bedroom units with all utilities included. On bus route, minutes to bridges, major parkways and Interstate highways. Walking distance to Jacksonville's Sport District, Metro park, Saint Johns River, Jaguars football stadium, Jacksonville Shrimp minor league baseball stadium, Memorial Arena, Jacksonville fairgrounds, and many stores, bars, and outdoor flea market. Capital improvements over the past seven years include: Complete elevator upgrade, roof repairs, parking lot, fire and burglar alarm system, magnetized fire doors and exits, complete camera surveillance system, plumbing and electrical upgrades to approximately half the building, appliances and cabinets. Property has been stabilized for the past four years. It operates mostly absentee-owner. There is no carpeting anywhere in the building, and most repair costs are minimal and done in-house.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 55 | - | 460 |
| 1+1 | 43 | - | 552 |
Property Taxes
| Parcel Number | 122486-0000 | Improvements Assessment | $3,523,707 |
| Land Assessment | $2,534,293 | Total Assessment | $6,058,000 |
Property Taxes
