2564 W 23RD ST Jacksonville, FL 32209
26 Beds
17 Baths
11,749 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Multi Unit, Duplex/Multi Unit Lot
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,749 sqft
Price per Sqft $239
Subdivision Grand Park
MLS Listing ID 2165796
Bedrooms 26
Full Baths 15
Half Baths 2
HOA Y/N No
Year Built 1968
Annual Tax Amount $36,391
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Multi Family
Source realMLS (Northeast Florida Multiple Listing Service)
Property Description
The portfolio combines established rental income with multiple investment strategies, including traditional long-term rentals, furnished short- and mid-term rentals, workforce rentals, historic multifamily housing and properties offering potential future owner-occupant appeal.
Several of the signature assets are located within Jacksonville's established historic neighborhoods, where walkability, architectural character and limited multifamily inventory support strong long-term rental demand. Other properties provide high-yield opportunities at accessible acquisition prices as well as exposure to newer suburban residential communities. Across the portfolio, ownership has completed significant improvements including electrical and plumbing upgrades, renovated kitchens and baths, newer roofing and HVAC systems, interior renovations and other capital improvements totalling over $100,000. The properties may be considered individually or as a portfolio acquisition.
Portfolio Highlights:
*Diversified residential portfolio with six properties and 14 total residential units/homes.
*Urban-core concentration with assets in Avondale, Murray Hill, Riverside and Lakeshore, plus Oakleaf-area and Grand Park single-family rentals.
*Multiple leasing strategies: long-term rentals, furnished short/mid-term rentals, workforce rentals, duplex/quadruplex income, single-family rentals and future owner-occupant appeal.
*Immediate scheduled monthly rent of approximately $21,495 based on current/pro forma figures provided.
*Significant capital improvements across the portfolio, including electrical, plumbing, roof, HVAC, kitchens, baths and interior improvements. Approximate Capital Improvements total $102,816
*Historic and walkable assets in Avondale, Riverside, and Murray Hill offer a lifestyle that supports strong tenant demand.
*Opportunity to acquire the full portfolio, select assets, or individual properties with different risk/return profiles.
The Properties Include:
1718 Pine Grove Avenue, Jacksonville, FL 32205
3520 Post Street, Jacksonville, FL 32205
2987-2989 Collier Avenue, Jacksonville, FL 32205
5202 Birkenhead Road / 2308 Harvester Street, Jacksonville, FL 32210
502 Deercroft Lane, Orange Park, FL 32065
2564 W. 23rd Street, Jacksonville, FL 32209
Location
State FL
County Duval
Community Grand Park
Area 031-Riverside
Direction This is a 7 building, 6 property Portfolio for Sale. Addresses are listed in the description.
Interior
Heating Central, Varies by Unit
Cooling Central Air, Varies by Unit, Wall/Window Unit(s)
Flooring Laminate, Tile, Wood
Furnishings Partially
Laundry Multiple Locations
Exterior
Parking Features Other
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Roof Type Other
Garage No
Private Pool No
Building
Lot Description Historic Area, Other
Sewer Public Sewer, Septic Tank
Water Public
Structure Type Brick,Block,Stucco,Wood Siding
New Construction No
Others
Tax ID 0477990000
Security Features Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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