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29561901
29527865

2325-2353 Spring Park Rd, Jacksonville, FL 32207

WZ
10401251534
eXp Realty BKNY
Listed by eXp Realty BKNY
$1,595,000
130 days on market
Updated 53 days ago
Opportunity zone

Spring Park Gardens

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,417
Net Rentable (SqFt) 8,417
Units 10
Cap Rate 7.49%
NOI $119,460
Occupancy 100%
Price per SqFt $190
Year Renovated 2024
Buildings 3
Acreage 2.228
Investment Type Stabilized

Multifamily | 10 Units | $159,500/unit w/ Approved Plans To Build 24 More Units!

Marketing description

Discover an exceptional investment opportunity in the heart of Jacksonville, Florida! This 10-unit multi-family property spans 2.25 acres across four parcels at 2325, 2341, 0, and 2353 Spring Park Road, offering a versatile mix of 5 one-bedroom units, 2 studios, and 3 two-bedroom units distributed among three well-maintained buildings. The layout includes a quadplex at 2325 Spring Park Rd, a single-family home at 2341 Spring Park Rd (ideal for owner occupancy or additional rental income), and a five-unit building at 2353 Spring Park Rd, providing diverse rental options to attract a broad tenant base.

Strategically located just minutes from vibrant downtown Jacksonville, the trendy San Marco district, and the eclectic Riverside area, this property benefits from easy access to shopping, dining, entertainment, and major employment hubs. Residents enjoy the convenience of urban amenities while nestled in a serene, spacious setting with ample room for outdoor enhancements.

Currently generating a robust $146,000 in annual revenue with stable, long-term tenants, this turnkey asset features updated electrical and plumbing systems for peace of mind and reduced maintenance costs. As a premier long-term hold, it promises steady cash flow and appreciation potential. Plus, with approved plans to expand by adding 24 more units (requiring demolition of the single-family structure), savvy investors can unlock significant value through development, transforming this into a high-yield powerhouse.

Don’t miss this rare blend of immediate income, prime location, and scalable growth—contact us today to secure your piece of Jacksonville’s thriving real estate market!

Investment highlights

Large lot, 3 buildings, generating high income, approved plans to build 24 more unit

Listing Contacts

WZ
10401251534
eXp Realty BKNY
Listed by eXp Realty BKNY

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$119,460.00
$9,955.00/mo

Valuation Metrics

0
DSCR
7.49%
Cap Rate
7.49%
ROI

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