Jacksonville Class B multifamily 357 units

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Shoreline Apartments

7703 Hare Avenue, Jacksonville FL
Garden Style Apartments

357 Units

Occupancy Rate 90%

Cap Rate 9.4%
T-12 NOI: $1,401,031
Price Per Door $44,817

Would need a Letter of Intent and Proof of Funds to move forward

Price: $17,000,000 Plus 3% Buyer Fee

Project Highlights
Shoreline Apartments, a 357 unit value-add opportunity in Jacksonville, FL.
Shoreline presents a unique opportunity to acquire a value-add property
Current owner has done the majority of the work, spending approximately $3MM renovating
The occupancy level has been raised to 90%.
The new ownership would simply need to lease up the remaining units and bring
units up to market rent as current leases expire.

Investment Highlights:

Price: $17,000,000
Trailing 12 Month Gross Rents: $1,896,9571960 / 2015-16

Offering Memorandum, Photos, and Financial Information are attached for Shoreline Apartments in Jacksonville.

No. Direct to seller’s rep and lic. Broker