For Sale
$525,000

1836 Liberty StJacksonville, FL 32206

Eight-unit apartment complex, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a four-building, eight-unit apartment complex located at 1836 N Liberty St, Jacksonville, FL 32206, in the Springfield area. The property sits on a substantial 17,424 square foot lot (APN: 071884-0000) and is currently operating at full occupancy. All eight units are currently occupied, providing immediate cash flow. This property is part of a larger portfolio of four properties, all designated as affordable housing and subject to the existing Low-Income Use Restriction Agreement (LURA). A significant tax credit is currently in place, expiring on May 31, 2024, allowing for potential rental rate increases thereafter. The buyer is responsible for conducting all necessary due diligence to determine HUD approval for adjusted rental rates, anticipated in June 2025. This is a compelling investment for those seeking a multifamily property with existing cash flow and the potential for future growth. The asking price for this property is $525,000. Serious inquiries only.

Highlights

  • Eight-unit multifamily apartment complex in Jacksonville, FL.
  • Located on a 17,424 sq ft lot at 1836 N Liberty St.
  • Currently 100% occupied, providing immediate cash flow.
  • Subject to a Low-Income Use Restriction Agreement (LURA).
  • Significant tax credit in place until May 31, 2024, with potential for rental rate increases thereafter.
  • Asking price: $525,000.

Property Details for 1836 Liberty St

Property type
Apartment buildings
Buildings
4
Units
8

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.3463542
Longitude
-81.6493283
1836 Liberty St, Jacksonville, Florida

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1836 Liberty St
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