352 units in Jacksonville,FL /off-market/ 5%+ Cap/ 4M NOI

[Dimitra Manou]

Price $82M +1%fee

THIS 352 UNIT CLASS B MULTI-FAMILY TWO-PROPERTY PORTFOLIO ARE IN A GREAT CLASS A AREA OF JACKSONVILLE, IS EXTREMELY OFF THE MARKET AND IT IS BEING MARKETED AND PROTECTED TO STAY THAT WAY.
JACKSONVILLE, FLORIDA IS LOCATED IN NORTHEAST FLORIDA ON THE ATLANTIC OCEAN SIDE. THE TWO PROPERTIES WERE BUILT IN 1987 & 1995, RESPECTIVELY.

THE TWO PROPERTIES ARE SITUATED 20 ACRES OF LAND,. HERE IS AN OUTSTANDING FACT, THE OCCUPANCY RATE HAS BEEN 95% OR MORE FOR THE PAST FIVE YEARS.
JACKSONVILLE IS AN EXTREMELY VIBRANT CITY, HOME TO THE NFL'S JACKSONVILLE JAGUARS, THE PGA TOUR'S STOP ACROSS FROM THE BEACH AND OCEAN IN PONTE VEDRA, AND HOME TO THE U.S. NAVY'S MAYPORT NAVAL STATION.

THE BEACHES ARE JUST FIVE MILES AWAY.

WHILE THE PORTFOLIO IS VALUE-ADDED, THERE IS STILL SOME UPDATING TO DO AND RENTS CAN BE RAISED. THE NET OPERATING INCOME EXCEEDS $4,000,000 WITH A SOLID CAP RATE OF 5%+.