5621 AKRA AVE Jacksonville FL 32205

Seven Bridges Multifamily is pleased to present this opportunity to acquire the Monroe Manor Apartments. The property consists of 38 units across 15 properties that are located on four adjacent city blocks. The favorable unit mix is comprised mainly of 2BR and 3BR units. All utilities are separately metered to tenants. Current ownership has completed significant capital improvements to the property totaling more than $300,000 within the last two years. The majority of the units are currently leased under market rates, which offers the opportunity for an investor to capture immediate upside by bringing rents to market with minor upgrades.

• Ideally located just west of downtown Jacksonville - approximately 11 minute drive
• Option to place new debt or assume current debt
• Properties are in close proximity for ease of management
• Substantial upside in rental income - current rents are approximately 19% below market rate
• Excellent unit mix - 84% of units are 2BR and 3BR units
• All utilities are separately metered to tenants
• Multiple parcels create an opportunity for multiple exit strategies
• Current owner has invested more than $300,000 in capital improvements over the last two years