Hi There! Is this Your First Time?
Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.
1423 Union St West, Jacksonville
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.
- MLS® #966149
- Full Baths4
- Square Footage2,500
- Year Built1960
- Sub-TypeResidential - Single Family
- StyleDuplex, Triplex, Four Plex
- UtilitiesWater - Public
- ParkingOther Parking
- PoolNo Pool
- Lot DescriptionRegular Lot
- Listing Office:Love Realty, Inc
- Address1423 Union St West
- Zip Code32209
- HeatingWindow/Wall Heating
- CoolingWindow/Wall Cooling
- # of Stories2
- Days on Market4
- ZoningResidential, Multi-Family
- HOA Fees0.00
- HOA Fees Freq.N/A
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 Florida Homes Realty and Mortgage 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.
©2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on November 12th, 2018 at 5:53pm EST.