For Sale
Call for price

1217 Park AveOrange Park, FL 32073

30-unit apartment building, 100% occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
Admiral Apartments presents a compelling investment opportunity in the desirable Orange Park, Florida market. This stabilized, Class B multifamily property boasts 30 units spread across two, two-story buildings situated on a 1.3-acre lot. Built in 1963 and extensively renovated in 2016 and 2020, the property enjoys a prime location on Park Avenue (US Hwy 17), a main thoroughfare offering excellent visibility and exposure. Its suburban infill location provides a high barrier to entry for competitors. The property benefits from its proximity to the water and convenient access to area employment centers. Currently operating at 100% occupancy, this asset offers immediate cash flow and significant potential for future growth. The permitted zoning is multifamily, allowing for continued use as an apartment building. A video tour is available for viewing.

Highlights

  • Video tour available.
  • 30-unit Class B multifamily property in Orange Park, FL.
  • Located on US Hwy 17, offering high visibility.
  • 1.3-acre lot with two, two-story buildings.
  • Extensive renovations in 2016 and 2020.
  • Currently 100% occupied, providing immediate cash flow.

Property Details for 1217 Park Ave

Property type
Apartment buildings
Class
B
Year Built/Renovated
1963/2016
Buildings
2
Stories
2
Lot Size (sq. ft)
56,628 SF
Units
30

Location Insight

City
Orange Park
County
Clay
State
Florida
Latitude
30.1746624
Longitude
-81.7008978
1217 Park Ave, Orange Park, Florida

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1217 Park Ave
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