1423 Union St W, Jacksonville, 32209

Multi Family For Sale in Paxon


MLS® #: 966140
Active, 257 Days on Market

52 units total in this portfolio of 4-plex and 2-plex concrete block properties! Total of parcels 19 total with LOW annual property tax assessments! Proposed taxes approx. $7,000/yr. for entire portfolio. Potential gross rent of $409,000 a year with the right updates/business strategy! Nearly all units occupied. This perfect package for experienced multi-family unit manager/investor; start a fresh portfolio or merge with existing one. Great potential to migrate to HUD/Section 8 tenancies only. Many mandatory updates made by latest owner, including new electrical panels and other significant updates in select units. More updates required to command highest potential rent. A $409k/annual gross rent potential based on boosting rents from the current $500 to $550 price points to $650.

Essential Information

MLS® #: 966140
Price: $2,150,000
Bedrooms: 8
Bathrooms: 4.00
Full Baths: 4
Square Footage: 2,500
Type: Investment Income/Apartment
Sub-Type: Multi Family
Status: Active

Community Information

Address: 1423 Union St W
Area: 074-paxon
Subdivision: Paxon
City: Jacksonville
County: DUVAL
State: Florida
Zip Code: 32209


Parking: Other Parking
Pool: No Pool


Heating: Central Heating, Window/Wall Unit
Cooling: Central Cooling, Window/Wall Unit
# of Stories: 1
Stories: 2 Stories


Lot Description: Regular Lot

Additional Information

Days on Market: 257

Listing Details

Listing Office: LOVE REALTY, INC


$/SqFt: $860

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Listing information last updated on July 23rd, 2019 at 4:08pm EDT.