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

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.

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