Property Description

Well-maintained 4-unit multifamily property located in Jacksonville's rapidly growing Spring Park/San Marco corridor, offering immediate cash flow with additional upside potential. Current rent roll includes Unit 1 at $1,225/month (program pays full rent), Unit 2 at $1,185/month, Unit 3 at $1,125/month leased through 1/31/2027, and Unit 4 intentionally left vacant to accommodate showings and provide immediate lease-up opportunity for new ownership. Projected gross monthly income is approximately $4,700+ per month. Major capital improvements include a new roof and water heaters replaced in 2021, along with a recently added on-site laundry room creating additional income potential. Property features separate electric meters for each unit, with owner-paid water and common area electric averaging approximately $500/month. Conveniently located minutes from San Marco, Downtown Jacksonville, hospitals, shopping, and major transportation corridors.