806 Oak St, Green Cove Springs, FL, 32043

Highlights

• -18,437 SF Newer Building in EXCELLENT condition!
• -APPROVAL for 8 on-site single-car garages -ADDITIONAL revenue opportunity
• -Projected Full Occupancy Gross Revenue without additional garages is already $340,000!

Description

This newer, well-maintained apartment building features 17 total units, including FOUR 3-bedroom, two-bathroom apartments, NINE 2-bedroom apartments with an office and two bathrooms, and FOUR 2-bedroom, one-bathroom apartments. When fully occupied, the property is projected to gross approximately $340,000. Approval for 8 single-car garages on site offers additional income potential, while the planned growth of 10,000 new homes within a two-mile radius underscores the property's promising long-term investment outlook.

Immerse yourself in the charm of Green Cove Springs, FL. Situated near the picturesque St. Johns River, this historic town offers a thriving community and an ideal setting for multifamily or high-rise development. With local shops, restaurants, and parks, the area provides a vibrant atmosphere for potential residents. Boating, fishing, and outdoor activities abound, appealing to those seeking an active lifestyle. Additionally, the proximity to a military base presents an opportunity for a strong tenant pool. This property is located near local Elementary, Jr. High and High Schools.