Listed by Colliers - Jacksonville, Florida, Colliers - Tampa, Florida
$500,000
7631 Indian Lakes
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,704
Cap Rate 6.79%
NOI $33,965
Occupancy 100%
Pro-Forma Cap Rate 7.78%
Pro-Forma NOI $38,885
Year Built 1984
Buildings 1
Acreage 0.290
About This Property
Marketing description
Colliers Multifamily Florida Team is pleased to present Indian Lakes in Jacksonville, Florida. This 4-unit property is located with Jacksonville’s high demand submarket off 103rd Street on the west side of Jacksonville. The property is 100% occupied and features a highly desirable unit mix of all large 2-bedroom and 2-bath units totaling 926 square feet each. The property is convenient to many retail and shopping destinations like Publix and Walmart and is proximate to demand drivers such as an Amazon Distribution Center, Cecil Air Field, Naval Air Station Jacksonville and booming Downtown Jacksonville with an approximately 8 billion dollar pipeline of mixed-use development.
Investment highlights
- Turn-key asset with recent upgrades including a 2026 HVAC in Unit #1 and new 2026 water heater in Unit 4.
- Value-add opportunity with below market rents and all 4 units still in "classic condition"
- 100% occupancy
- Highly desirable unit mix of large 926 sf 2-bedroom and 2-bath units
- Separate meters for utilities
- Walkable to shopping including a Publix shopping center, Walmart and many other retailers.
- Proximate to major demand drivers including Amazon Distribution Center, Cecil Airport, Naval Air Station Jacksonville and downtown Jacksonville
- Convenient to the I-295 Beltway
Listing Contacts
Listed by Colliers - Jacksonville, Florida, Colliers - Tampa, Florida
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$33,965.00
$2,830.42/mo
Valuation Metrics
0
DSCR
6.79%
Cap Rate
6.79%
ROI
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