MULTI-FAMILY ASSET IN JACKSONVILLE, FLORIDA DOUBLE DIGIT CAP RATE EXTREMELY LOW TAXES FAMILY ASSET SALE OF 28 UNITS JACKSONVILLE, FLORIDA OFF MARKET MULTI-FAMILY ASSET SALE OF 28 UNITS EXTREMELY LOW TAXES AND MONTHLY MAINTENANCE COSTS PRICE IS DISCOUNTED TO $1.95M PLUS 4% VERY LOW EXPENSES FOR THE OWNER/LANLORD, APPROXIMATELY $30,000 PER YEAR, INCLUDING TAXES AND INSURANCE. THE CITY PAYS FOR THE STREET LIGHTS THAT ARE ON THE PROPERTY. TRASH EXPENSE FOR THE OWNER IS JUST $208 PER MONTH. ON-SITE MAN/RESIDENT DOES ANY HVAC REPAIRS AND HANDLES THE LAWN LARE. TENANTS PAY ALL OF THEIR OWN UTILITIES. OCCUPANCY RATE IS ABOVE 80% CAP RATE IS 10% EACH OF THE UNITS ARE INDIVIDUALLY DEEDED. THERE ARE 7 BUILDINGS AND 4 INITS IN EACH BUILDING. Protocol To Move Forward: BUYER AND BUYERS AGENT SIGNED ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT, BUYERS SIGNED AND ASSET SPECIFIC LETTER OF INTENT AND BUYERS COMPANY WEBSITE. BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYERS PACKAGE OR THE BUYER MAY PROOF UP TO THE SELLERS SIDE DIRECTLY.
Posted on: Thu, 17 Oct 2013 23:09:14 +0000
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