6703 OLD KINGS Road

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6703 OLD KINGS Road

Jacksonville, FL 32219
Asking Price
$2.50M
Asset Type
Multifamily
Class
Class B

What's Special

6703 Old Kings Road is situated in the San Jose neighborhood of Jacksonville, Florida. This location offers direct access to the San Jose Boulevard corridor, a primary north-south artery providing connectivity to Downtown Jacksonville and the Mandarin area. The immediate surroundings feature a mix of established residential communities and commercial hubs. Residents are within walking distance of local retail centers, grocery stores, and diverse dining options. Public transportation is accessible via nearby bus stops, and the site is positioned within a short drive of Interstate 95, facilitating regional commutes across Duval County. This multifamily asset is positioned for long-term residential use, serving a tenant profile typically comprised of local professionals and families seeking proximity to employment centers. The property is well-suited for a workforce housing strategy given its location near major healthcare facilities and retail districts. Typical residents value the balance of a residential setting with functional access to urban amenities. The site layout supports traditional apartment operations or potential low-density redevelopment, aligning with the surrounding neighborhood character and established housing demand in the Jacksonville market.

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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631

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