1639 IONIA Street

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1639 IONIA Street

Jacksonville, FL 32206
Asking Price
$90K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building located in Jacksonville Florida
  • Asset consists of two total residential units
  • Listing price for the property is 89900 dollars
  • Property situated at 1639 Ionia Street in the 32206 zip code
  • Asset type provides straightforward management for residential investors

What's Special

This two-unit multifamily apartment building at 1639 Ionia Street in Jacksonville, Florida, represents a focused investment asset in the 32206 zip code. The property offers a compact residential footprint suitable for long-term hold strategies or portfolio expansion in a metropolitan area known for its consistent demand for workforce housing. Jacksonville maintains a stable regional economy supported by a diverse base of logistics, healthcare, and financial services employers, alongside its strategic position as a primary port city in the Southeast. Investors looking for smaller multifamily acquisitions will find this asset type provides straightforward management requirements. The site's location within the city allows for convenient access to local transit corridors and regional employment hubs. Prospective owners might consider this building as an entry-level rental asset, positioning it to capture consistent demand from the local tenant base in this growing urban market.

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NOI
$80,000
Cap Rate
88.99%
DSCR
14.99
Strong
Cash-on-Cash
276.84%
Monthly Payment
$444.776
Annual Cash Flow
$74,662.686

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