1257 Mcduff AveJacksonville, FL 32205

Property Details for 1257 Mcduff Ave

Year built

1929

Property type

Residential income properties

Property subtype

Multifamily properties

Description

The Willowbranch Apartments, a 12-unit multifamily investment property located at 1257 McDuff Avenue S, Jacksonville, FL 32205, presents a compelling value-add opportunity. This property comprises two six-unit buildings, each consisting of a quadruplex and a detached duplex, totaling twelve one-bedroom, one-bathroom units. Currently operating at 100% occupancy, the property boasts significant upside potential due to rental rates currently $3,500-$4,000 per month below market value. This allows for immediate income increase without capital expenditures. Extensive capital improvements exceeding $200,000 have been completed since 2021, encompassing kitchen and bathroom renovations, flooring upgrades, plumbing and electrical system improvements, new fencing, landscaping enhancements, and the addition of an outdoor grilling area. A new roof was installed in 2019. The property sits on a 16,988.4 square foot lot and includes ample off-street parking with bonus carports and storage units. Situated in the highly desirable Riverside/Avondale submarket, known for its high-quality tenants and strong rental demand, this property is zoned MDR. The asking price for both properties is $1,495,000. This represents a rare opportunity to acquire a well-maintained, high-performing multifamily asset with substantial upside potential in a prime Jacksonville location.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Latitude

30.3066

Longitude

-81.702

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