Multifamily Housing - For Sale
602 East Union Street Jacksonville, FL 32206
Details & Description
Price: $519,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.081
  • Building Sq Ft 5,386
  • Building Price per Sq Ft $96.36
  • Land Sq Ft 3,538
  • Land Price per Sq Ft $146.69
This Multifamily property is nestled in the Springfield neighborhood. It is located in an opportunity zone, so enjoy additional tax savings. This turnkey commercial building is ready to produce income on day one. It is in very good condition and has been well maintained by the owner who did close to 100k in renovations starting in 2014. Looking for a place to run a hotel, boarding house, homeless shelter or Airbnb, then look no further. The county inspector has certified the property for 19 beds (2nd Floor). There are 3 separate bathrooms on the 2nd Floor. Each having 1 commode/1 sink/ 1 shower. There are 3 other bathrooms on the 1st Floor. 2 bathrooms have 2 commodes/2sinks /2showers each. 1 bathroom has 1 sink/1 commode. This property is in walking distance to downtown Jacksonville.Gross Yield - 26.36%Gross Potential Income - $136,800.00
Additional Photos
Listing Agents
Hameed Siddiq

Broker@CommercialMovementGroup.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

602 East Union Street

Jacksonville, FL 32206

Listing ID: 207769
$519,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.081
  • Building Sq Ft 5,386
  • Building Price per Sq Ft $96.36
  • Land Sq Ft 3,538
  • Land Price per Sq Ft $146.69
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Description

This Multifamily property is nestled in the Springfield neighborhood. It is located in an opportunity zone, so enjoy additional tax savings. This turnkey commercial building is ready to produce income on day one. It is in very good condition and has been well maintained by the owner who did close to 100k in renovations starting in 2014. Looking for a place to run a hotel, boarding house, homeless shelter or Airbnb, then look no further. The county inspector has certified the property for 19 beds (2nd Floor). There are 3 separate bathrooms on the 2nd Floor. Each having 1 commode/1 sink/ 1 shower. There are 3 other bathrooms on the 1st Floor. 2 bathrooms have 2 commodes/2sinks /2showers each. 1 bathroom has 1 sink/1 commode. This property is in walking distance to downtown Jacksonville.

Gross Yield - 26.36%

Gross Potential Income - $136,800.00

Attachments & Files

Listing Demographics for 602 East Union Street Jacksonville, FL 32206

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population10,77786,563260,848
Population Median Age403838
Population by Age0-9 Yrs783 (7%)11303 (13%)34875 (13%)
10-19 Yrs1024 (9%)8523 (9%)30025 (11%)
20-29 Yrs2111 (19%)15284 (17%)41045 (15%)
30-39 Yrs1959 (18%)12685 (14%)36269 (13%)
40-49 Yrs1251 (11%)9746 (11%)30770 (11%)
50-59 Yrs1458 (13%)10994 (12%)34407 (13%)
60-69 Yrs1189 (11%)8643 (9%)28527 (10%)
70+ Yrs1000 (9%)9387 (10%)24930 (9%)
Median HH Income$35,496$38,997$44,537
Total Household Income< 24K1504 (42%)12694 (34%)29532 (28%)
25-49K793 (22%)9705 (26%)28330 (26%)
50-74K409 (11%)5800 (15%)17504 (16%)
75-99K311 (8%)2720 (7%)9855 (9%)
100-199K445 (12%)4322 (11%)13859 (13%)
200K+101 (2%)1553 (4%)6358 (6%)
Highest Education LevelNo Diploma18341032724868
Diploma or GED22521732852080
Some College18281118036398
Assoc. Degree454494015780
Bachelors Degree10631070631106
Higher Degree634599718771
Total Housing Units4,68945,150123,820
--Owner-Occupied1,12013,08549,689
--Renter-Occupied2,44323,71155,748
Owner-Occupied Values< 100K430516415364
100-199K264299215352
200-299K22018666609
300-399K1059833135
400-499K506642165
500K+5114157065
Total Working Age Population9,50770,354207,692
In Work Force3,78641,619131,401
Not In Work Force5,72228,73576,291
Workforce Employed3,46537,988121,390
Workforce Unemployed2783,4049,320
Civlian Workforce3,74341,392130,710
Military Workforce42227691
Total Households3,56336,795105,437
Family Households1,53616,65957,137
Non-Family Households2,02720,13748,300
Married Couple7078,40133,684
Other Family8298,25823,453
Married w/Child1803,07713,133
Single Male w/Child526962,152
Single Female w/Child4073,87110,542

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Duval County778,879+11864,263+14981,852+121,095,165
Nassau County57,663+2773,314+1886,416+18102,124

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Other Multifamily Housing Listings for Sale Nearby
Address Price Sq Ft Acres
310 Commerce Lake Dr, St. Augustine, FL $675,000 4800 0.1
119 Riberia Street, St Augustine, FL $2,495,000 13455 0.82
3839-3829 FL-100, Palatka, FL $799,000 16060 -
910 Saint Johns Avenue, Palatka, FL $1,750,000 1000 0.35
101 Ava Street, Waycross, GA $760,000 7000 1
2900 Southeast 50th Court, Ocala, FL $6,300,000 60018 1
625 North Beach Street, Daytona Beach, FL $395,000 3884 0.18
209 South Ridgewood Avenue, Daytona Beach, FL $1,400,000 5000 0.5
475 Umatilla Boulevard, Umatilla, FL $1,215,000 10000 0.53
Winners Cir, Lady Lake, FL $1,320,000 10660 1
Closest Commercial Airports
Airport Distance (mi)
Jacksonville International Airport (JAX) 12
Daytona Beach International Airport (DAB) 87
Orlando Sanford International Airport (SFB) 110
Listing Agent
No Image Available

Hameed Siddiq

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