Riverside Portfolio – Closed on November 1, 2018

Riverside Portfolio – Closed on November 1, 2018

Price: $ 3,750,000

Total Number of Units: 32

Address: 2303 College St, Jacksonville, FL 32204, USA

  • Opportunity to increase rents on renewal by $50-$100/unit to meet the market
  • 100% occupied for the last 3 years with a waiting list
  • 11 of the 12 buildings are less than ½ a mile from each other for ease of management
  • Retiring owner is offering negotiable seller financing with a 30-year amortization, 3-10 year term with potential interest only period possible to increase buyers day one cash flow

Lead Agent(s): Ryan B. Tomka

View Documents

Location Highlights

  • Situated within close proximity to Five Points and downtown with over 70+ restaurants and bars
  • Jacksonville rent growth is forecast at 5% almost double the national average
  • Located in one of the hottest neighborhoods in Jacksonville

Additional Photos