Subject: PRICE DROP💲⬇️ OFF MARKET | 9 UNIT FIXER WITH 2 ADJACENT LOTS
Your #1 Source for Deep Discounted & Off Market Properties
9 UNIT FIXER W/ 2 ADJACENT LOTS!!!
INVESTOR ALERT! OFF MARKET MULTI-FAMILY! 
9 unit fixer apartment complex with 2 adjacent lots, 
STUDENT HOUSING GOLDMINE 1-block from Jacksonville University.

***PLEASE CONTACT FOR SHOWING DETAILS***
The building is currently not in good shape with old tenants. There are currently 
7 rented units with the ability to make another 4. This was previously converted and expanded from an old school. The main opportunity here is the lot next door that comes with it, where you can build an even larger multi-family building or two and obtain MUCH higher rents in those new units. This is a development opportunity and should be evaluated as such.

Long term month-to-month tenants there currently. Has parking currently, 
as well as space for more parking.

Current Monthly Rents: $450-$650 (haven’t been raised in over 30 years)
Below market annual rents of $46,200

Market Rents: $800-$1,200
$9,000 per month rent potential
Gross potential rents of $91,800
Address: 57** Merrill Rd.
Jacksonville, FL 32277
9 units | ~7,500 sqft. building
Three 1-bedroom units |  Four 2-bedrooms units
Two units used as storage
~18,000 sqft. LOT

Asking Price: $949K $899K
Est. Repairs: TBD BY INVESTOR

ARV: $1.3M - $1.5M
(Current structure only)

Link for pictures:

INVESTOR ALERT! PROPERTY UNDER CONTRACT


Email/Call us for more info, pictures, and to schedule a showing.
Notices:
VERIFY ALL INFORMATION INDEPENDENTLY: Any estimates or information provided about the property are for convenience only. ANY information regarding specifications, characteristics, or condition of this property, neighborhood, or investment strategy (including, but not limited to, as-is property square footage measurements or as implied by property expansion through construction) is an unverified estimation and should be verified independently for accuracy. We assume no liability, either expressed or implied, for the accuracy of any estimates or information provided.
RISK OF LOSS: Real estate investment is speculative in nature and risk of loss can be substantial. You should carefully consider whether such an investments is suitable for you.
NON-REPRESENTATION: Parties involved in transactions are licensed Real Estate Professionals. We do NOT represent the recipient of this information or any interested parties in any transactions unless expressly indicated through appropriated agreements.
NO ENTRY WITHOUT SCHEDULING/APPROVAL: No authority is given, either expressed or implied, to the recipient of this information to enter this property. A property inspection may be obtained by scheduling an appointment.
InCoast Group LLC, 221 N Hogan St, Jacksonville, CA 32202, United States
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