1423 Union St W, Jacksonville

$2,150,000

8 Beds
4 Baths
2,500 Sqft
0 Acres
0 Garage(s)

52 units total in this portfolio of 4-plex and 2-plex concrete block properties! Total of parcels 19 total with LOW annual property tax assessments! Proposed taxes approx. $7,000/yr. for entire portfolio. Potential gross rent of $409,000 a year with the right updates/business strategy! Nearly all units occupied. This perfect package for experienced multi-family unit manager/investor; start a fresh portfolio or merge with existing one. Great potential to migrate to HUD/Section 8 tenancies only. Many mandatory updates made by latest owner, including new electrical panels and other significant updates in select units. More updates required to command highest potential rent. A $409k/annual gross rent potential based on boosting rents from the current $500 to $550 price points to $650.

Essential Information
MLS® #966140
Price$2,150,000
Bedrooms8
Bathrooms4.00
Full Baths4
Square Footage2,500
TypeInvestment Income/Apartment
Sub-TypeMulti Family
StatusActive
Community Information
Address1423 Union St W
Area074-paxon
SubdivisionPaxon
CityJacksonville
CountyDUVAL
StateFlorida
Zip Code32209
Amenities
ParkingOther Parking
PoolNo Pool
Interior
# of Stories1
Stories2 Stories
Heating

Central Heating, Window/Wall Unit

Cooling

Central Cooling, Window/Wall Unit

Exterior
Lot DescriptionRegular Lot
Additional Information
Days on Market318
Listing Details
OfficeLOVE REALTY, INC
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Listing information last updated on September 23rd, 2019 at 8:08am EDT.

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