231 E 16TH Street

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231 E 16TH Street

Jacksonville, FL 32206
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Four-unit multifamily apartment building available for sale
  • Located at 231 E 16th Street in Jacksonville Florida
  • Positioned within a central urban area of the city
  • Suitable asset for residential real estate investment portfolios
  • Located within the Jacksonville metropolitan statistical area

What's Special

This multifamily apartment building contains four residential units and occupies a strategic position at 231 E 16th Street in Jacksonville, Florida. The property resides within the 32206 zip code, a region integrated into the broader economic landscape of the Jacksonville metropolitan area, which serves as a significant logistics and financial services hub in Northeast Florida. Given the demand for workforce housing in the city, this asset provides an option for investors seeking a stabilized residential holding in an established urban submarket. Multifamily assets of this scale are well-suited for owners looking to manage a manageable portfolio or leverage the consistent demand for rental housing near the city core. The layout supports efficient residential operations while remaining positioned to capture value from ongoing regional development and population growth.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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