The San Marco Portfolio - 10 Units | 2 Properties
Historic San Marco | 10-Unit, 2-Property Portfolio
Marketing description
McAdoo Multifamily Advisors is pleased to present The San Marco Portfolio, Flagler & Riviera, a ten-unit, two property multifamily portfolio in the heart of San Marco, one of Jacksonville's most established and walkable historic neighborhoods.
A true A+ location that sits minutes from San Marco Square, downtown Jacksonville and the Gateway Jax redevelopment, the Baptist Health medical campus, and the city's major sports and entertainment venues.
Each property pairs a four-unit main building with a detached apartment over five covered parking spaces each. 1731 Flagler Avenue consists of five one-bedroom units, while 1037 Riviera Street consists of four one-bedroom units and one two-bedroom unit.
Ownership has recently completed substantial CAPEX projects across both properties, including electrical, plumbing, sewer, and moisture control upgrades.
Investment highlights
- A+ SAN MARCO LOCATION.
- DURABLE, LOW-MAINTENANCE CONSTRUCTION.
- MAJOR RECENT CAPEX PROJECTS COMPLETED BY CURRENT OWNERSHIP.
- TEN COVERED PARKING SPACES.
- SEPARATELY METERED, TENANT-PAID UTILITIES.
- PACKAGE SCALE IN A SUPPLY-CONSTRAINED INFILL LOCATION.
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