Property Description

Excellent multifamily investment opportunity in Jacksonville! Located at 821-835 Minnie Street, this property features eight residential units, each offering two bedrooms and one bathroom. The property is reported to be 100% leased, providing an established rental income stream. Units feature separate utilities, and the property is conveniently situated near Downtown Jacksonville. With a reported projected annual net income of $71,651.60, this property presents an attractive opportunity for investors seeking an income-producing asset. Buyer to verify rental income, expenses, lease terms, occupancy, and all property details. This information is deemed accurate but must be verified by the buyer and buyer's agent. This eight-unit multifamily property offers an opportunity for investors seeking an established rental asset in Jacksonville. The property consists of four concrete block duplexes on approximately 0.31 acres, with separately metered water and electricity. According to the marketing materials, the property is professionally managed and fully occupied. The advertised 2026 pro forma net operating income is $71,685, with a projected capitalization rate of 8.10%. Financial projections are not guaranteed and should be independently verified.