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$ 3,250,000
Est. payment | /mo
30 Baths
18,437 SqFt
$ 3,250,000
Est. payment | /mo
30 Baths
18,437 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,437 sqft
Price per Sqft $176
MLS Listing ID 2125520
HOA Y/N No
Year Built 2021
Annual Tax Amount $41,490
Lot Size 1.300 Acres
Acres 1.3
Property Sub-Type Multi Family
Source realMLS (Northeast Florida Multiple Listing Service)
Property Description
Investment Opportunity - Newer Construction Multifamily in Growth Corridor
806 Oak St presents a rare opportunity to acquire a modern, income-producing multifamily asset in the heart of Green Cove Springs, FL. Built in 2021, this well-designed apartment complex consists of 17 total units with a strong and diverse unit mix:
Four (4) 3BR / 2BA units
Nine (9) 2BR + office / 2BA units
Four (4) 2BR / 1BA units
The property was constructed with a focus on energy efficiency, including foam insulation in the attic, helping reduce operating costs while enhancing tenant comfort.
The site is approved for eight (8) single-car garages, offering a clear path for additional income upside through future development. An appraisal is on file, providing added confidence for investors and lenders. Strategically located, the property benefits from significant area growth, with over 10,000 new homes approved within a 2-mile radius and a new outbeltway expressway extension nearby, improving regional access and long-term demand.
Green Cove Springs is a historic and desirable riverfront community, often referred to as the 19th-century "Saratoga of the South." Known for its natural warm mineral springs, St. Johns River access, parks, and small-town charm, the area offers a unique lifestyle with easy connectivity to Jacksonvillemaking it attractive to both long-term residents and commuters.
At full occupancy, the property offers a projected gross income of approximately $340,000, with further upside through garage rentals and continued market rent growth.
Ideal for investors seeking newer construction, stable cash flow, and long-term appreciation in a rapidly growing North Florida submarket.
806 Oak St presents a rare opportunity to acquire a modern, income-producing multifamily asset in the heart of Green Cove Springs, FL. Built in 2021, this well-designed apartment complex consists of 17 total units with a strong and diverse unit mix:
Four (4) 3BR / 2BA units
Nine (9) 2BR + office / 2BA units
Four (4) 2BR / 1BA units
The property was constructed with a focus on energy efficiency, including foam insulation in the attic, helping reduce operating costs while enhancing tenant comfort.
The site is approved for eight (8) single-car garages, offering a clear path for additional income upside through future development. An appraisal is on file, providing added confidence for investors and lenders. Strategically located, the property benefits from significant area growth, with over 10,000 new homes approved within a 2-mile radius and a new outbeltway expressway extension nearby, improving regional access and long-term demand.
Green Cove Springs is a historic and desirable riverfront community, often referred to as the 19th-century "Saratoga of the South." Known for its natural warm mineral springs, St. Johns River access, parks, and small-town charm, the area offers a unique lifestyle with easy connectivity to Jacksonvillemaking it attractive to both long-term residents and commuters.
At full occupancy, the property offers a projected gross income of approximately $340,000, with further upside through garage rentals and continued market rent growth.
Ideal for investors seeking newer construction, stable cash flow, and long-term appreciation in a rapidly growing North Florida submarket.
Location
State FL
County Clay
Area 161-Green Cove Springs
Direction From Hwy 17 S., turn right onto Oak St. The property is located on your right.
Exterior
Parking Features Unassigned
Utilities Available Cable Available
Roof Type Shingle
Private Pool No
Building
Lot Description Cleared
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 38062601699900100
Listed by NORTH FLORIDA REALTY ADVISORS • STANLEY H BISHOP
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