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1103 CHERRY, JACKSONVILLE, FLORIDA 32205 MLS 1087445For sale

1103 CHERRY, JACKSONVILLE, FLORIDA 32205

$1,100,000
8 Bedrooms
8 Bathrooms
6,096 Sqft
Property Description

Great investment opportunity in the heart of Riverside. This 8 plex- 2 separate 4 plexs- is 100% occupied with current rents ranging from $800-900 per month. Each unit is a 1BDR and 1 BTH with its own living space, kitchen and dining area. Each unit is 762 sf !! Complex has 8 designated parking spaces behind the building and there are plenty of on street spaces available. Each unit has beautiful hardwood floors – no animals are allowed. Owner is property manager and there is very little deferred maintenance. Rents have increased yearly. Additional income can be generated with an onsite laundry facility, reimbursement of water/sewer charges of tenants and renovations to kitchens. Rents in area are more than $1,000 per month for comparable units.

Basic Details
Investment / MultiFamily
Investment Income/apartment
For sale
1087445
$1,100,000
8
8
0
6,096 Sqft
1940
0 Sqft
Features
: No Pool
Address Map
: US
: FL
: DUVAL
: JACKSONVILLE
: 032-AVONDALE
: 32205
CHERRY
1103
W82° 17' 59.4''
N30° 18' 37.3''
MLS Information
12-21-2020 09:04:55
Active
12-21-2020
0
KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE
N
Assigned Parking,On-Street Parking
.35 acres
NEW RIVERSIDE
NEW RIVERSIDE
03-RIVERSIDE/AVONDALE/ORTEGA
Agent info
Mike Schwiebert
REALTOR INI Realty Investments, INC
3603 Cardinal Point Drive. Jacksonville, FL 32257
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