6334 KIMBERLY Lane, Jacksonville, FL 32210 (MLS# 1061634)

Description

EARN WHILE YOU DEVELOP! This is a great project for a seasoned developer or someone new to the industry. There are 6 existing townhouses that are currently rented, providing income, and have historically stayed 100% occupied. These 6 townhouse may provide an income source while developing an additional 16 units (see the attached development plan). Two of the existing townhouses consist of 3 bedrooms and 2.5 bathrooms, while the remaining 4 townhouses consist 2 bedrooms and 2.5 bathrooms. The properties are currently professionally managed and management is willing to stay in place or you take over management yourself. This project lends itself to a buy hold strategy or a buy flip strategy. Feel free to drive by the property, but PLEASE DO NOT CONTACT OR DISTURB THE TENANTS.

Location, Tax, and Legal

Country: US Parcel Number: 0685060020

General Property Information

Bathrooms Half: 6 Living Area: 7904 Number Of Units Total: 6 Living Area Source: Public Records Waterfront YN: No Directions: From I-10 exit on Cassat Ave or Lane Ave. Head South. From Cassat turn West on San Juan Ave. From Lane Ave turn East on San Juan Ave. Turn North on Hyde Park Rd. Property is on corner of Kimberly Ln. Public Remarks: EARN WHILE YOU DEVELOP! This is a great project for a seasoned developer or someone new to the industry. There are 6 existing townhouses that are currently rented, providing income, and have historically stayed 100% occupied. These 6 townhouse may provide an income source while developing an additional 16 units (see the attached development plan). Two of the existing townhouses consist of 3 bedrooms and 2.5 bathrooms, while the remaining 4 townhouses consist 2 bedrooms and 2.5 bathrooms. The properties are currently professionally managed and management is willing to stay in place or you take over management yourself. This project lends itself to a buy hold strategy or a buy flip strategy. Feel free to drive by the property, but PLEASE DO NOT CONTACT OR DISTURB THE TENANTS. Garage Spaces: 0 Pool Private YN: No Stories: 2 Stories Total: 2 Water Body Access YN: No List Price/SqFt: 107.54 Sold Price/SqFt: 107.54 Bedrooms Total: 14 Bathrooms Total: 18 Bathrooms Full: 12 Year Built: 2013

Appliances

Dishwasher: 1 Electric Oven: 1 Electric Range: 1 Electric Water Heater: 1 Microwave: 1 Refrigerator: 1

Construction Materials

Frame: 1 Vinyl Siding: 1

Cooling

Central Air: 1

Flooring

Laminate: 1

Heating

Central: 1

Listing Terms

Cash: 1 Conventional: 1 FHA: 1

Lot Features

Corner Lot: 1

Parking Features

Other: 1

Pool Features

None: 1

Possession

Other: 1

Road Surface Type

Asphalt: 1

Roof

Shingle: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Historical Information

Public Historical Remarks 1: # 3 Bedroom Units: 2, Type-Townhouse: Y, Type-Sngl Family-Attached: Y, Type-Multi Units: Y, Occupancy Rate: 100, Lot Location-Suburban: Y, Number of Buildings: 1 Building, Present Rental Terms: Year, Two Bedroom Rentals: $801 to $1000/Month Public Historical Remarks 2: Number of Units-5 - 10 Units: Y, # 2 Bedroom Units: 4, Split Bedroom: Y, Ceiling 8 + Feet: Y, Three Bedroom Rental: $801 to $1000/Month,$1001 to $1500/Month

Contract Information

Current Price: $850,001 Sold Price: $850,001 Status: Closed Listing Contract Date: 2020-07-04

Location Tax and Legal

Street Number: 6334 Street Name: KIMBERLY Street Suffix: Lane County: Duval State: FL Postal Code: 32210 Subdivision Name: Country Club Manor MLS Area Major: 053-Hyde Grove Area

Status Change Information

Major Change Timestamp: 2020-09-21T20:19:18Z Major Change Type: Status Change Purchase Contract Date: 2020-08-17 Close Date: 2020-09-17 Close Price: 850001

Property Features

Appliances: Dishwasher; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator Construction Materials: Frame; Vinyl Siding Cooling: Central Air Flooring: Laminate Heating: Central Listing Terms: Cash; Conventional; FHA Lot Features: Corner Lot Parking Features: Other Pool Features: None Possession: Other Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer Water Source: Public

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