1423 Union St W

$2,150,000

  • 8 Beds
  • 4 Baths
  • 2,500 Sqft

About This Property

52 units total in this portfolio of 4-plex and 2-plex concrete block properties! Total of parcels 19 total with LOW annual property tax assessments! Proposed taxes approx. $7,000/yr. for entire portfolio. Potential gross rent of $409,000 a year with the right updates/business strategy! Nearly all units occupied. This perfect package for experienced multi-family unit manager/investor; start a fresh portfolio or merge with existing one. Great potential to migrate to HUD/Section 8 tenancies only. Many mandatory updates made by latest owner, including new electrical panels and other significant updates in select units. More updates required to command highest potential rent. A $409k/annual gross rent potential based on boosting rents from the current $500 to $550 price points to $650.

Essential Information

MLS® #966140
Price$2,150,000
Bedrooms8
Bathrooms4.00
Full Baths4
Square Footage2,500
TypeInvestment Income/Apartment
Sub-TypeMulti Family
StatusActive
Days on Market289

Community Information

Address1423 Union St W
Area074-paxon
SubdivisionPaxon
CountyDUVAL
StateFlorida
Zip Code32209

Amenities

ParkingOther Parking
PoolNo Pool

Interior

# of Stories1
Stories2 Stories

Heating

Central Heating, Window/Wall Unit

Cooling

Central Cooling, Window/Wall Unit

Exterior

Lot DescriptionRegular Lot

Additional Information

Days on Market289

Listing Details

OfficeLOVE REALTY, INC

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Phyllis Frankel Realty Group are marked with the listing broker's name and detailed information about such listings includes the name of the listing brokers. Information deemed reliable but not guaranteed.

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Listing information last updated on August 25th, 2019 at 1:38am EDT.

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