$1,950,000
Jacksonville, FL 32205
MLS# 883389
Status: Closed
24 beds | 24 baths
1 / 18
Property Description
Outstanding Value-Add Opportunity! $100+ Rent Premiums Achievable- Rents are currently well below market. Most recent lease was $150 above previous tenant, leased within 14 days of listing. There is also a unit currently used as an office, generating no income. This is a rare opportunity to secure one of the most distinctive rental properties in Jacksonville. Consisting of 24 units, Amelia Apartments is one of the larger Apartment communities in the Riverside/Avondale market. Well kept with renovation and careful restoration over the years including CHA, Hardwood Flrs, updated Kit's and Ba's. Exterior painted in 2015. Duro-Last roof is under warranty. TENANTS PAY ALL UTILITIES. Tenant quality is impeccable w/ many long term residents. New laundry room with 3 coin-op w/d.
Details
Maps
Contract Information
Current Price: $1,950,000
Sold Price: $1,950,000
Status: Closed
Listing Contract Date: 2017-05-22
Location Tax and Legal
Street Number: 1310
Street Name: WILLOW BRANCH
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32205
Subdivision Name: Avondale
MLS Area Major: 032-Avondale
General Property Information
Number Of Units Total: 24
Bedrooms Total: 24
Bathrooms Total: 24
Bathrooms Full: 24
Living Area: 16534
Living Area Source: Public Records
Year Built: 1926
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Stories: 2
Directions: From I-10 West- exit US-17 South. East on McDuff Ave. Left on Park St. Left on Willowbranch Ave. Corner of Willowbranch and Sydney.
Public Remarks: Outstanding Value-Add Opportunity! $100+ Rent Premiums Achievable- Rents are currently well below market. Most recent lease was $150 above previous tenant, leased within 14 days of listing. There is also a unit currently used as an office, generating no income. This is a rare opportunity to secure one of the most distinctive rental properties in Jacksonville. Consisting of 24 units, Amelia Apartments is one of the larger Apartment communities in the Riverside/Avondale market. Well kept with renovation and careful restoration over the years including CHA, Hardwood Flrs, updated Kit's and Ba's. Exterior painted in 2015. Duro-Last roof is under warranty. TENANTS PAY ALL UTILITIES. Tenant quality is impeccable w/ many long term residents. New laundry room with 3 coin-op w/d.
List Price/SqFt: 130.04
Sold Price/SqFt: 117.94
Status Change Information
Major Change Timestamp: 2023-11-20T12:06:35Z
Major Change Type: Price Reduced
Price Change Timestamp: 2017-10-07T15:14:31Z
Purchase Contract Date: 2018-07-03
Close Date: 2018-11-13
Close Price: 1950000
Income and Expenses
Gross Scheduled Income: 179136
Historical Information
Public Historical Remarks 1: # 1 Bedroom Units: 13, Type-Multi Units: Y, Occupancy Rate: 100, Number of Buildings: 1 Building
Public Historical Remarks 2: Annual Rent: 180252.00, Number of Units-21 - 25 Units: Y, # Efficiency Units: 11, Type-Garden Apartment: Y, Present Tenant Exp: All Electric,Security Deposit,Sewer,Water
Property Features
Cooling: Central Air
Heating: Central
Parking Features: Assigned
Pool Features: None
Possession: Negotiable
Road Surface Type: Asphalt
Listing Office: WARREN & COMPANY
Last Updated: January - 08 - 2025
Information deemed reliable but not guaranteed.