2BR Home in Jacksonville , FL

About This Property

PLEASE No wholesalers or companies 100% occupied with waiting list. Cash Cow. GREAT cash on cash numbers! instant portfolio of 20 units in the same area! Separately metered to tenants on all buildings and units. Low maintenance, section 8 and Veteran Program Housing, affordable housing weathers recessions and economic downturns. Owners terms avail. Durable concrete block! Great PM! We just put new roofs on three of the buildings! Others are doing great. 2 bedrooms and 1 bathroom per unit. all buildings go together making them $360k ea. Don't miss out on this opportunity to generate long-term passive income! Rents vary so contact us for rent rolls. They range from 600-900. (currently bringing in 16k/mo) we are raising all by $50 next month. 900-1000 is market rent. But 1200/mo is hud. Check out this website: https://www.huduser.gov/portal/datasets/fmr/smallarea/index.html. It will show you what HUD/section 8 is willing to pay in the area. So these should all be bringing in 20k/mo very easily. Thats $240k/year for a $Contact for details investment! Very low expenses, the occasional used appliance is all you need to replace. There is no carpet, no dishwashers, no clothes washers, no central air to worry about breaking Down Payment: Contact for details All units are ac/window units which are very cheap to replace if it is ever necessary. All units are or can be Section 8 eligible/approved. (Let the government make your tenants' rent payments!) Owner carry at the following terms: 360 ea quad. 1.8m purchase price. Interest only payment at 15% down with an 6% rate on a 7 year. We are selling because of a new commercial opportunity. This property is located in an Opportunity Zone so it qualifies for deferment and then ultimate elimination of capital gains tax with funds used for purchase and any upgrade investments. (google Opportunity Zone for more info).

Features & Highlights