2325-2353 Spring Park Rd

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2325-2353 Spring Park Rd

Jacksonville, FL 32207
Asking Price
$1.59M
Asset Type
Multifamily
Class
Class B

What's Special

2325-2353 Spring Park Road is situated in the San Marco submarket of Jacksonville, Florida, positioned just south of the city’s downtown core. The neighborhood is a mix of residential communities and local commercial corridors, characterized by its grid-style street layout and established tree canopy. The property provides immediate access to major transit arteries, including Interstate 95 and Beach Boulevard, facilitating commutes across the metropolitan area. Local amenities include the nearby San Marco Square retail district, several public parks, and the medical facilities situated along the St. Johns River. This multifamily asset is suited for long-term residential leasing, serving a tenant base that prioritizes proximity to Jacksonville’s primary employment hubs. The location typically attracts a diverse demographic, including healthcare professionals working at the nearby Baptist Health and Wolfson Children’s Hospital complexes, as well as service-sector employees and commuters seeking access to the Central Business District. The configuration of the parcels supports a standard rental model focused on transit-oriented housing within an infill urban environment.

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NOI
$80,000
Cap Rate
5.02%
DSCR
0.84
Underwater
Cash-on-Cash
-3.07%
Monthly Payment
$7,891.19
Annual Cash Flow
$-14,694.277

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