$270,000 Multifamily for Sale — 1604 Morgan St, Jacksonville, FL 32209, USA
1604 Morgan St, Jacksonville, FL 32209, USA
Summary
This is a multifamily property for sale at 1604 Morgan St, Jacksonville, FL 32209, USA, listed at $270,000. The property has 4 units, 2,928 square feet, built in 1971. Financials show net operating income of $32,751, a 12.1% cap rate, gross income of $42,600 based on seller figures.
Key facts
- Asking price: $270,000
- Property type: Multifamily
- Cap rate: 12.1%
- NOI: $32,751
- Gross income: $42,600
- Occupancy: 100%
- Price / unit: $67,500
- Expense ratio: 19.1%
- Units: 4
- Building SF: 2,928
- Lot (acres): 0.14
- Year built: 1971
- Zoning: RMD-A
Description
CORPORATE LIQUIDATION SALE | Quadplex apartment. 100% Leased. Professional management in place. Separate utilities. Opportunity to run cap up by renewing oldest leases to $1000/month to match the new lease rates. Simple and effective equity gain.
Photos
Frequently asked questions
What is the asking price for this multifamily property?
The asking price is $270,000 for the property at 1604 Morgan St, Jacksonville, FL 32209, USA.
What is the cap rate?
The cap rate is 12.1%, based on $32,751 in net operating income.
How many units does the property have?
The property has 4 units.
How do I make an offer?
You can submit an offer directly to the seller on Caproll — there are no broker commissions, and the underwriting numbers are shown up front.
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