“Shovel-ready” multifamily development opportunity. 15.17 acres entitled for 300 units located in the south Arlington / north Southside submarket of Jacksonville with visibility from I-295. Construction drawings and approved site plan convey.
Rare opportunity to own an entire 10-unit Residential portfolio steps from the Atlantic Ocean, Located east of Third ST in the highly desirable city of Jacksonville Beach- close to retail, restaurants, and local attractions. Current ownership has created a seamless AI-backed technology integration into the properties maximizing efficiency with turnover services included. All 10 units are in close proximity and within walking distance of one another. Rents continue to rise in Jacksonville Beach and Expense Margins are <33% for entire portfolio. Current ownership will train new owners to assist in a smooth transition with existing relationships and service providers, this is a Cash-Flow Dream!
Just Multifamily is pleased to present a +/-55-unit garden style value add opportunity in the burgeoning San Jose / Southside submarket of the Jacksonville MSA, offering investors with an opportunity to own a cash flow positive investment that combines a desirable unit mix with the option to initiate a property refresh to bring rents to market rate.
The largest submarket in the region, Southside, draws the highest share of multifamily investors and accounts for nearly 40% of all investment activity in the past year in Jacksonville.
Southside is the nexus of the metropolitan area’s explosive population and job growth over the past five years and has the highest median income levels. The renovation and recalibration plans for this asset would capitalize on the strong market fundamentals of Jacksonville’s booming Southside submarket – Giving the area an attractive market rate option that allows for a swift commute and fast and convenient access to amenities and transportation.
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