1067 CHERRY Street

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1067 CHERRY Street

Jacksonville, FL 32205
Asking Price
$460K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Jacksonville
  • Property consists of two distinct residential rental units
  • Asking price for the asset is set at 460000 dollars
  • Located within the 32205 zip code area of Florida
  • Asset serves as a viable income-producing multifamily investment

What's Special

Investors seeking a value-add multifamily asset in Jacksonville will find this two-unit apartment building at 1067 Cherry Street a practical addition to an existing portfolio. Situated in a well-established submarket, the property benefits from the continued growth of the North Florida region and access to the diverse economic drivers of the greater Jacksonville area. The asset provides a straightforward configuration suitable for long-term rental income or potential owner-occupant strategies. Its location within the 32205 zip code places it within reach of key local thoroughfares and regional transit routes, making it a functional choice for tenants commuting throughout the city. This property serves as an entry-level investment for those looking to acquire residential real estate in a stable urban environment. With consistent demand for multifamily housing in Jacksonville, this building presents a clear opportunity for steady operations and localized asset management within a developing residential corridor.

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NOI
$80,000
Cap Rate
17.39%
DSCR
2.93
Strong
Cash-on-Cash
38.18%
Monthly Payment
$2,275.829
Annual Cash Flow
$52,690.052

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