Turn Key 112Units Multi-Family Money Maker In Jacksonville!

[John Tiffany]

Purchase Price Is Firm At $4,500,000 Plus 5%

This Is To Be An All Cash Transaction

This Is A Class C Multi-Family Asset With 112 Units.

The Pricing Going Forward Is Quite Aggressive To Sell Fast. This Is Based On That This Asset Is Turn Key, Seller Spent Over $1,000,000 On Cap Ex, The occupancy Is 96%.

The Seller Did A Ground Up Renovation, New Mechanical Systems, New Electric, New Appliances, New Flooring, New Fencing, New Landscaping, New Building Interiors & Exteriors, Etc. This Is From A Private Seller And This Is Being Sold At A Discount Of Just $35,714 Per Door.

There Is A Newly Renovated On-Site ADA Compliant Business Office And Newly Renovated On-Site Laundry Facility. Since The Renovations, The Seller And His Management Team Has Done A Ridiculously Great Job Of Leasing This Asset Up To 96%.

• The Gross Annual Income Is $737,995
• The Annual Expenses Are $292,504 (39%)
• The Net Operating Income Is $445,491
• The Cap Rate Is Approximately 10%
• Gross Rent Multiplier Is 4.97%
• Price Per Square Foot Is $38.36

The Buyer Is Purchasing A Fully Renovated Asset With A Brand New Exterior And Interior Look

This Is A Super Opportunity To Start A New With A Blank Canvas

La Estancia Was Built In 1974 And Renovated In 2007.

Now, This Is A New Reveal Of The 112 Units

Seller Owns Many Properties And Buys Many Properties, Simply Time To Sell

This Asset Is Being Sold ""As-Is"".

To Move Forward: Buyer And Buyer'S Agent/Consultant Signed Asset Specific Ncnd And Master Fee Agreement, Buyer Signed Asset Specific Letter Of Intent (Loi To Include Firm Purchase Price, Due Diligence Period, Close Of Escrow Date And Emd Information). Buyer To Provide A Buyer'S Company Website And Information Of Commercial Assets That They Own In Their Portfolio. Buyer To Provide A Proof Of Funds Up Front In The Form Of An Official Bank Or Fund Statement. Please No Transactional Funding.

Call @ 574-254-7653