909 CEDAR Street

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909 CEDAR Street

Jacksonville, FL 32207
Asking Price
$575K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • The multifamily asset is located at 909 Cedar Street in Jacksonville.
  • This apartment building currently contains 3 individual residential units.
  • The property is offered for sale at a price of $575,000.
  • The building is situated within the 32207 zip code of Florida.
  • Local market conditions reflect steady demand for small-scale residential rental inventory.

What's Special

This multifamily apartment building comprises 3 units and is currently available for sale in Jacksonville, Florida. Situated at 909 Cedar Street, the property is positioned within a established residential area of the city. Jacksonville remains a significant economic hub in the southeastern United States, characterized by a diverse industrial base and steady population growth that supports ongoing demand for rental housing. Asset investors may find the scale of this property suitable for smaller portfolios or as a targeted addition to a local residential holding strategy. The layout and unit count provide functional space for residential tenants seeking proximity to the broader metro area amenities and transport infrastructure. Consistent demand for multifamily housing in this submarket underscores the potential for sustained operations and steady occupancy levels within the local rental market environment.

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NOI
$80,000
Cap Rate
13.91%
DSCR
2.34
Strong
Cash-on-Cash
26.59%
Monthly Payment
$2,844.786
Annual Cash Flow
$45,862.565

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