1XXX & 1XXX 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