1310 WILLOW BRANCH Avenue, Jacksonville, FL 32205 (MLS# 883389)

1310 WILLOW BRANCH Avenue, Jacksonville, FL 32205

$1,950,000
Property Type: Residential Income Bedrooms: 24 Baths: 24 Square Footage: 16,534 Status: Closed
Current Price: $1,950,000 List Date: 7/01/2018 Last Modified: 1/08/2025

Overview

Description

Outstanding Value-Add Opportunity! $100+ Rent Premiums Achievable- Rents are currently well below market. Most recent lease was $150 above previous tenant, leased within 14 days of listing. There is also a unit currently used as an office, generating no income. This is a rare opportunity to secure one of the most distinctive rental properties in Jacksonville. Consisting of 24 units, Amelia Apartments is one of the larger Apartment communities in the Riverside/Avondale market. Well kept with renovation and careful restoration over the years including CHA, Hardwood Flrs, updated Kit's and Ba's. Exterior painted in 2015. Duro-Last roof is under warranty. TENANTS PAY ALL UTILITIES. Tenant quality is impeccable w/ many long term residents. New laundry room with 3 coin-op w/d.

Listing Details MLS# 883389

General Property Information

Number Of Units Total
24
Bedrooms Total
24
Bathrooms Total
24
Bathrooms Full
24
Living Area
16534
Living Area Source
Public Records
Year Built
1926
Pool Private YN
No
Water Body Access YN
No
Waterfront YN
No
Stories Total
2
Stories
2
Directions
From I-10 West- exit US-17 South. East on McDuff Ave. Left on Park St. Left on Willowbranch Ave. Corner of Willowbranch and Sydney.
Public Remarks
Outstanding Value-Add Opportunity! $100+ Rent Premiums Achievable- Rents are currently well below market. Most recent lease was $150 above previous tenant, leased within 14 days of listing. There is also a unit currently used as an office, generating no income. This is a rare opportunity to secure one of the most distinctive rental properties in Jacksonville. Consisting of 24 units, Amelia Apartments is one of the larger Apartment communities in the Riverside/Avondale market. Well kept with renovation and careful restoration over the years including CHA, Hardwood Flrs, updated Kit's and Ba's. Exterior painted in 2015. Duro-Last roof is under warranty. TENANTS PAY ALL UTILITIES. Tenant quality is impeccable w/ many long term residents. New laundry room with 3 coin-op w/d.
List Price/SqFt
130.04
Sold Price/SqFt
117.94
Bathrooms Half
0
Garage Spaces
0

Property Features

Cooling: Central Air Heating: Central Parking Features: Assigned Pool Features: None Possession: Negotiable Road Surface Type: Asphalt

Contract Information

Listing Contract Date
2017-05-22

Location Tax and Legal

Street Number
1310
Street Name
WILLOW BRANCH
Street Suffix
Avenue
County
Duval
State
FL
Postal Code
32205
Subdivision Name
Avondale
MLS Area Major
032-Avondale

Status Change Information

Major Change Timestamp
2023-11-20T12:06:35Z
Major Change Type
Price Reduced
Price Change Timestamp
2017-10-07T15:14:31Z
Purchase Contract Date
2018-07-03
Close Date
2018-11-13
Close Price
1950000

Income and Expenses

Gross Scheduled Income
179136

More Information

Historical Information

Public Historical Remarks 1
# 1 Bedroom Units: 13, Type-Multi Units: Y, Occupancy Rate: 100, Number of Buildings: 1 Building
Public Historical Remarks 2
Annual Rent: 180252.00, Number of Units-21 - 25 Units: Y, # Efficiency Units: 11, Type-Garden Apartment: Y, Present Tenant Exp: All Electric,Security Deposit,Sewer,Water

Location, Tax, and Legal

Country
US
Parcel Number
0780960000

Cooling

Central Air
Yes

Heating

Central
Yes

Parking Features

Assigned
Yes

Pool Features

None
Yes

Possession

Negotiable
Yes

Road Surface Type

Asphalt
Yes
Listing Office: WARREN & COMPANY
Source MLS Verified
Last Updated: January - 08 - 2025
Information deemed reliable but not guaranteed.