6878 LENOX Avenue

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6878 LENOX Avenue

Jacksonville, FL 32205
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).

  • Residential multifamily apartment building containing three individual units
  • Located at 6878 Lenox Avenue in Jacksonville, Florida 32205
  • Asset type suitable for private rental income investment strategies
  • Positioned within a stable and established metropolitan submarket
  • Property supports diverse leasing opportunities for residential tenants

What's Special

This three-unit multifamily apartment building at 6878 Lenox Avenue represents a residential investment asset within Jacksonville. Situated in the 32205 zip code, the property benefits from its position in a established Florida market known for consistent demand and a growing population base. The local economy in Jacksonville is anchored by a diverse mix of logistics, healthcare, and financial services, providing a stable tenant pool for apartment communities of this scale. Smaller multi-unit properties in this region are often utilized by private investors seeking to capture steady rental income in a suburban residential context. The proximity to regional transportation routes and major employment hubs throughout the metro area further supports the long-term viability of this site for residential leasing. Investors and operators often find these types of apartment buildings well-suited for value-add repositioning strategies or as straightforward additions to an existing income-producing portfolio.

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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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