Awesome Deal, The Price is Right! Make An Offer!!
GREAT DEAL IN JACKSONVILLE!
40 units, ALL REHABBED - Easily Managed
EASY LEASE UP
Qualified Buyers Only Please
.jpg)
SERIOUS INQUIRIES ONLY PLEASE
COMPLETE DD PACKAGE AVAILABLE UPON REQUEST
NCND REQUIRED FIRST.
This Is a True Great Deal For an Owner Operator
Upon stabilization at market rents and occupancies the
new owner could realize a stabilized minimum value of $1,700,000.
The immediate area around the Villager includes the
beautiful riverfront Jacksonville University campus,
libraries, parks and recreations areas.
The economic climate in Jacksonville remains strong
and the apartment market is expected to strengthen
even further. The Arlington sub-market has always been
solid and Arlington’s overall multi - family performance
continues to be among the best in the area. Renter
concessions and deposits remain in order and the
occupancy and rent rates are strong.
The cost of land and new construction makes purchasing
The Villager for $34 PSF an excellent value acquisition.
These couple of pictures shown do not reflect the newly rehabbed units
Stabilized/Market ALL UNITS ARE 1/1
3 BLOCKS FROM JAX. UNIVERSITY
40 UNIT PROPERTY BEXT DOOR WAS REHABBED AND LEASED UP IN TO 100% IN 30 DAYS!
GREAT LOCATION, NICE EASY DEAL!
BD/BA # Units SF Total SF Rent Rent PSF Monthly Rent Annual Rent
1bed /1 bath 40 550 22,000 $650.00 $1.18 $26,000.00 $312,000.00
Total 40 22,000 $26,000.00 $312,000.00
3.jpg)
Investment Highlights
• Seller Motivated, Distressed - Purchase well
below market due to DEFAULT CONDITION
at $20,000 per unit.
• Solid Construction - Concrete block, roofs and
parking lots done within last two – three years.
• Manageable size for repositioning – 4 buildings,
40 units, 1.4 acres
• Great Location and Amenities – near shopping
and employment, convenient to downtown and
major roadways, public transportation, near
parks, golf, schools, library and the St; John’s
River.
The Villager can be purchased for an excellent price
and quickly be a strong income producing asset with
the potential to resale for substantially more than the
acquisition.
The asset has historically had occupancy in the 95%
range with strong cash flow. With reasonable lease-up
rates within the coming months The Villager will return
to solid occupancy levels.
Complete Due Diligence and Document Package Available For Seriously Interested Buyers.
NCND Required First.
PLEASE, NO TIME WASTERS ON THIS!!
|
Additional Terms of Service
|
Winning bidder must contact the seller within 24 Hours after the close of the auction with proper vesting information. We have done our best to describe this property but the house is sold as is with no warranties expressed or implied. Entire funds to be transferred within 3 business days via wire transfer, money order, cash or bank check only. (special auction, negotiable settlement terms apply)
BUYER PAYS CLOSING COSTS.
FREE AND CLEAR TITLE. NO LIENS OR BACK TAXES OF ANY KIND.
THE BUY IT NOW OPTION OF $800,000 IS ONLY VALID UNTIL A BID IS PLACED. ONCE A BID IS PLACED THE UNIT WILL BE SOLD TO THE HIGHEST BIDDER REGARDLESS OF PRICE EVEN IF THE PRICE EXCEEDS THE ORIGINAL "BUY IT NOW" PRICE OF $800,000.
All information is deemed reliable but not guaranteed. Please feel free to inspect this property anytime prior to auction close. Cash Sale only! |
 |
| |
| |
The Seller offers the Property for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of the Property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding the Property. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.
General Refund Policy
Buyer acknowledges and verifies that he/she has carried out the necessary due diligence to purchase, as properties are sold "as is". As such, all sales are final, and refunds will not be granted.
|
Thanks for looking, please
email us with any further questions
Serious inquiries only please.