1423 Union St W, Jacksonville, 32209

Multi Family For Sale in Paxon

$2,150,000

8Beds
4Baths
2,500Sqft
Built
257DOM
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

Amenities

Parking: Other Parking
Pool: No Pool

Interior

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

Exterior

Lot Description: Regular Lot

Additional Information

Days on Market: 257

Listing Details

Listing Office: LOVE REALTY, INC

Financials

$/SqFt: $860

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than RE/MAX Specialists are marked with the listing broker's name and detailed information about such listings includes the name of the listing brokers. Information deemed reliable but not guaranteed.

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