5732 Oprey St, Jacksonville, FL 32208

7 Unit Apartment Building | $539,000 ($77,000/Unit) | 8.10% Cap Rate | Jacksonville, FL 32208

Asking Price $539,000

Property Type: Multifamily
Square Feet: 4,389 SF

Listing Contacts

Kurt Westfield

Verified Profile

Property Info

Property Overview

EAGLE LOFTS | 7-Unit Multifamily opportunity on 2.5 acres. Professionally managed and several units renovated in the past (12) months. RLD-60 zoning allows for maximum coverage area of 50% with building(s), allowing for additional unit(s). Unit rents range from $500/m to $1,150/m.
Cost Analysis Performed as Rental Property
In:
Rent - $72,000.00
Out:
(Annual) Property Taxes - $4,435.00
(Annual) Estimated Insurance - $6,265.00
(Annual) Property Management (Optional) - $5,040.00
(Annual) Estimated Utilities/Lawn/Repair/Misc. - $12,600.00
Total Costs - $28,340.00
Net: $43,660.00
Earn:
Total yearly net equates to - $43,660.00
Total monthly gross equates to - $6,000.00
TOTAL MONTHLY NET EQUATES TO - $3,638.33

Property Details

Class: C
Year Built/Renovated: 1961/2024
Stories: 1
Lot Size (sq. ft): 111,078 SF
Units: 7

Highlights

6 of 7 Units Occupied, Final Unit Lease Pending
Professionally Managed
High Rate of Return + Value Add

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