Jacksonville Florida Multifamily

[Chris Wilson]

Hey BiggerPocket Folks! 

Hope everyone is have a great weekend. 

I've been exploring the multifamily landscape in the Jacksonville Florida market and have interest in purchasing small low income multifamily properties (2-4 units). The cash-on-cash return is very appealing and the entry cost is obtainable for me at this time - roughly $150k per 4plex.  Unfortunately though, the supply appears to be rather limited in the Jacksonville area and most of these properties are located in what appear to be questionable neighborhoods - class D. I'm based out of state and would be relying on a property management company to handled the day-to-day. 

Would anyone with experience in Jacksonville be able to provide some insight? 

Is 32209 an ok area to purchase investment properties in? 

Any recommendations on property management companies that handled this area would be greatly appreciated as well.

Thanks 

Chris