ARCADIA PL, JACKSONVILLE, FL 32207
TRI-PLEX DEAL BY DOWNTOWN JAX
10 MINUTE DRIVE FROM PROPERTY TO JAGS FOOTBALL STADIUM
YOU WANT CASHFLOW IN A LOCATION THAT IS ONLY APPRECIATING? THIS WOULD BE IT.
PURCHASE PRICE: $295,500
GROSS RENT: $3,300+ PER MONTH
FRONT UNIT (VACANT): 3 BED 1 BATH
MARKET RENT FOR THIS FRONT VACANT UNIT: $1,600
BACK UNITS: 2/1 & 1/1
THE 2/1 UNIT IN THE BACK MARKET RENT: $1,200
THE 1/1 UNIT IN THE BACK IS OCCUPIED AT $500 PER MONTH AND IS ALREADY AWARE AND ACCEPTING OF POTENTIAL RENT INCREASE
Even if you didn’t increase that tenant’s rent in the 1/1, you’re still at $3,300 per month in gross rent collected every month.
CHECK THE WALK-THROUGH VIDEO BELOW & COMPS
RENTAL COMPS:
1.) 1824 PERRY PL, JACKSONVILLE, FL 32207
RENTED AT $1,700 ON 03/09/2023
2.) 1328 LANDON AVE, APT #2 JACKSONVILLE, FL 32207
RENTED AT $1,350 ON 01/31/2023
3.) 1910 THACKER AVE, JACKSONVILLE, FL 32207
RENTED AT $1,895 ON 12/01/2022
4.) 2147 BELOTE PL, JACKSONVILLE, FL 32207
RENTED AT $2,000 ON 03/09/2023
SALE COMPS (MULTI-FAMLY IN 32207 ZIP CODE THE LAST 6 MONTHS ONLY):
1.) 3361 HENDRICKS AVE, JACKSONVILLE, FL 32207
AT 4 BEDS TOTAL
SOLD FOR $429,900 ON 02/01/2023
2.) 1545 PALM AVE, JACKSONVILLE, FL 32207
AT 4 BEDS TOTAL
SOLD FOR $475,000 ON 01/31/2023
3.) 831 CEDAR ST, JACKSONVILLE, FL 32207
AT 6 BEDS TOTAL
SOLD FOR $910,000 ON 11/10/2022