5-Rental Package – Jacksonville, FL

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Rare opportunity to acquire 5 rental houses in the west side of Jacksonville. 3 of the 5 houses are currently tenant occupied on a lease and professionally managed. Properties are generating around $3,933 per month which is below market rent. There are very strong comps in the area giving this package a total retail value of $450,000 to $470,000. We recommend holding these as rentals and increasing rent to market value as they become vacant which would push the APY to over 12%.

-House #1 – 3 beds, 2 baths, 1,078 square feet, Wood Frame, Rent = $795, Lease exp on 2/28/2019
-House #2 – 3 beds, 1 bath, 890 square feet, Block Construction, VACANT – move in ready, Market rent = $800
-House #3 – 3 beds, 1 bath, 884 square feet, Wood Frame, VACANT, Market rent = $950
-House #4 – 3 beds, 1.5 bath, 1,095 square feet, Block Construction, Rent = $854, Lease exp on 12/31/2018
-House #5 – 4 beds, 2 bath, 1,676 square feet, Block Construction, Rent = $955, Lease exp on 5/31/2019

Est. Retail Value: $450,000