6 townhouses/Condos for sale in Jacksonville Florida

[Robert Hetsler]

I own 6 residential townhomes/condos in Jacksonville Florida and they are  mostly 2 bedroom with one being a 3 bedroom and one being a 1 bedroom.  All are fully rented bringing in gross monthly rent of $5,265 per month and a few of the properties have not had rent increases in as much as 4 years because none of the tenants are late.  Of course sometimes people are late but it certainly is not routine.  Honestly, I do not want to sell them but I have an opportunity to participate in a larger deal.  in 5 of the 6 places I spent a lot of money and put granite countertops in all kitchens and baths as well as ceramic tile.  Three of them are located in the same complex and is the closest community to the town center without actually being in the town center.  Those three units specifically, never stay vacant for more than 2 or 3 weeks on the highend and I do not even think they have been vacant that long.  All of them have the same tenants in them that I found and placed so I have had no one move out on me and they are, in my mind, simply a perfect diversification for someone looking to enter the market for under 500K with all properties recently renovated but one and one two of them have brand new AC units and one a brand new waterheater.  It truly is a great opportunity for the right person.  I manage them myself and I devote less than 2 hours a month to the properties primariyly because I ensure ceramic tile in on the floors to avoid issues with carpet, had all painted with eggshell to avoid stanes on the wall etc..  one property I actually had the entire common space done with $7.5 a square foot ceramic tile that looks identical to wood flooring and so between the floor, granite countertops and a few other unique things, I am usually a little over built for the neighborhood but I figure I make up for it in very little vacancy.  Since I have owned all six, I think combined I have had less than 1 month of vacancy between them all.  I do use a company to rent them out but then I take over from there and if the tenants renew I am not obligated to pay them any renewal fees or anything like that.  They are a very good company and I graduated college with the owner so I know them well.  I also have been friends with a plumber, ac guy, and multiple contractors from 1st grade through today so any work that has been done has been done correctly and I would pass along those contacts and make a personal introduction if that helps because they will still do the same quality work and they do it on their off time so the charge much less.