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  • Price$2,150,000
  • Beds8
  • Baths4
  • Sq. Ft.2,500

1423 Union St W, Jacksonville

52 units total in this portfolio of 4-plex and 2-plex concrete block properties! Total of parcels 19 total with LOW annual property tax assessments! Proposed taxes approx. $7,000/yr. for entire portfolio. Potential gross rent of $409,000 a year with the right updates/business strategy! Nearly all units occupied. This perfect package for experienced multi-family unit manager/investor; start a fresh portfolio or merge with existing one. Great potential to migrate to HUD/Section 8 tenancies only. Many mandatory updates made by latest owner, including new electrical panels and other significant updates in select units. More updates required to command highest potential rent. A $409k/annual gross rent potential based on boosting rents from the current $500 to $550 price points to $650.

Essential Information

  • MLS® #966140
  • Price$2,150,000
  • Bedrooms8
  • Bathrooms4.00
  • Full Baths4
  • Square Footage2,500
  • TypeInvestment Income/Apartment
  • Sub-TypeMulti Family
  • StatusActive

Amenities

  • ParkingOther Parking
  • PoolNo Pool

Exterior

  • Lot DescriptionRegular Lot

Community Information

  • Address1423 Union St W
  • Area074-paxon
  • SubdivisionPaxon
  • CityJacksonville
  • CountyDUVAL
  • StateFlorida
  • Zip Code32209

Interior

  • HeatingCentral Heating, Window/Wall Unit
  • CoolingCentral Cooling, Window/Wall Unit
  • # of Stories1
  • Stories2 Stories

Listing Details

  • Listing OfficeLove Realty, Inc
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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Engel & Volkers Jacksonsville Beach are marked with the listing broker's name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

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This data is updated daily. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available.

This data up-to-date as of August 17th, 2019 at 9:23pm EDT. For the most current information, contact Engel & Volkers Jacksonsville Beach, 904.998.8277, krista@kristafracke.com.

Data last updated: 08/17/2019