2306 Moncrief Rd. Road, Jacksonville, FL 32209

Property Description

A true turn-key multi-family investment. 12 x 2 Bed 1 Bath 900SF units Completely renovated, stabilized, and cash flowing in a neighborhood where values continue to grow and vacancies are short. This property consists of 6 Duplex units, all side by side on one parcel. All units have been completely renovated. New roofs, new plumbing to include all outside sewer lines and inside water lines, full rewire and panel upgrades, new 2 Ton Central AC units, flooring and subflooring, kitchens, baths, drywall and paint, front and back porches, appliances and hot water heaters, EVERYTHING!!! All 12 units of this property are occupied and cash flowing at $10,365 per month!!! The property also has 1 vacant lot that has been approved for a quad. All units are currently under sound property management. The PM has cultivated good relationships with the tenants and has been able to maintain a high renewal rate. All duplexes are currently under a Termite Bond paid through 4/30/2025. All units are individually metered and are equipped with laundry hook ups. Tenants pay for all utilities, the owner is responsible for lawn care at $175 per month and trash service at $2,145.72 per year which is paid through 9/30/2024. In total, the current owner has spent more than 1 Million in capital expenses to make this a truly turn-key investment for its next owner. Simply purchase and collect your cash every month. The surrounding neighborhoods have benefited greatly from the improvement of these duplexes. Home values have increased dramatically over the last 3 years. It's time to invest in something that the community appreciates and can grow in the years to come. See documents for up to date P&L and Rent Roll. Call Doug Beck for additional questions or a private showing.