1357 Kingsley AveOrange Park, FL 32073

Property Details for 1357 Kingsley Ave

Year built

1984

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 12-unit multifamily property, known as Kingswood Apartment Homes, presents a compelling investment opportunity in Orange Park, Florida. Located at 1357 KINGSLEY Avenue, 32073, this property boasts a substantial 74,923.2 square foot lot and comprises three quadplexes offering a mix of one and two-story townhomes. Built in 1984, the two-story building features recently renovated units, including updated kitchens, bathrooms, and flooring, ensuring high tenant satisfaction and above-average rental rates. Its strategic location near Orange Park Medical Center (OPMC) and major interstates provides excellent accessibility and high demand for rental units. The property currently enjoys a 25% market gap, indicating significant potential for rental income growth. The RG-1 zoning allows for potential expansion into short-term rentals or traveling nurse housing, further enhancing the investment's profitability. Additional value-add opportunities exist through the addition of amenities, further unit upgrades, or the development of new units. This multifamily investment offers immediate stable income and substantial upside potential, making it an ideal acquisition for discerning investors seeking strong returns in a thriving market. The asking price is $2,300,000.

Location Insight

City

Orange Park

County

Clay

State

Florida

Latitude

30.1668

Longitude

-81.7232

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