Commercial For sale

3,328 Sqft - 2975 DELLWOOD, JACKSONVILLE, FLORIDA 32205

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Property Description

6 unit apartment building in up & coming Murray Hill sub-market. All six apartments are one bedroom one bathroom units and the building is 100% occupied. Huge value-add opportunity as rents are currently 20% below market. The building was remodeled 4 years ago with a new roof, new windows, all new plumbing, updated electrical, new stucco, and a light remodel on the interiors. Located on a quiet residential street, this low maintenance concrete block building will be a cash cow for the right investor. Potential NOI of over $30,000 and 10%+ cap rate after stabilization and rent increases to market rents. One water and sewer meter and individual electric meters, although Seller is currently paying for electric on 3 of the units. 5/6 leases are up in January to allow for quick rent increases

Basic Details
Property Type : Commercial
Listing Type : For sale
MLS # : 908464
Price : $299,000
View :
Bedrooms : 6
Bathrooms : 6
Half Bathrooms : 0
Square Footage : 3,328 Sqft
Year Built : 1958
Lot Area : 0 Sqft
Address Map
Country : United States
State : FLORIDA
County : DUVAL
City : JACKSONVILLE
Area : 051-MURRAY HILL
Zipcode : 32205
Street : DELLWOOD
Street Number : 2975
Longitude : W82° 17' 43.9''
Latitude : N30° 19' 1.7''
MLS Addon
Timestamp : 11-07-2017 14:10:19
Status : Active
Status Change Date :
Days On Market : 1
Lot Location : Dead End Street
Listing provided courtesy of : MASH REALTY SERVICES, LLC
Pool/Hot Tub : No Pool
Navgble to Ocean Y/N : N
Parking Facilities : 1 - 10 Spaces
Appx. Lot Dimensions : 80' x 100'
Common Name of Sub : RIVERSIDE
Legal Name of Subdiv : RIVERSIDE
Region : 05-HYDE GROVE/MURRAY HILL/LAKESHORE/WESCONNETT
Commercial For sale
  • MLS # : 908464
  • Bedrooms : 6
  • Bathrooms : 6
  • Square Footage : 3,328 Sqft
$299,000
Agent info
REALTOR INI Realty Investments, INC
3603 Cardinal Point Drive. Jacksonville, FL 32257
Contact Agent
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