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888 Franklin St
Jacksonville, FL 32206 East Jacksonville

Price Upon Request

Apartments For Sale  •  65,492 SF

Property Details

  • Property Type Apartments
  • Total Building Size 65,492 SF
  • Lot Size 1.68 AC
  • Building Class C
  • Year Built 1971
  • Zoning RMD-D
36 Transit Score
56 Walk Score

Highlights

Value add Property in Opportunity Zone with 2020 Pro-forma NOI over $400K and 2021 reaching over $500K+
One mile North of $2.5 Billion Proposed Sports and Entertainment District Redevelopment
Continue Recent Reposition or Convert to HUD Property for Maximum Cashflow OR BUILD 25+ UNITS on remaining lot!!
New Roof has 2 Year Warranty and 10-12 Years of Life Remaining
Owner pays all Utilities - RUBS implemented in Q2 2020 and captured $140K NOI
Close to New $450M "Lot J" Project with Entertainment District by Jaguars and JAX City (Phase1 of $2.5B project) - Set to Start in Q1 2020

Financial Summary (Proforma)

Net Operating Income: $480,000 USD (2021)

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Courtyard
  • Laundry Facilities
  • Security System
  • Heating
  • Grill
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Yard
  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
Jacksonville (Silver Meteor - Amtrak, Silver Star - Amtrak) 13 min - 7.3 mi
AirportDriveWalkDistance
Jacksonville International 25 min - 16.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes