1836 Liberty StJacksonville, FL 32206

Property Details for 1836 Liberty St

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3464

Longitude

-81.6493

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