Newly Built Four-Unit
101102201202-7638 Mailes Ct Jacksonville, FL
101102201202-7638 Mailes Ct, Jacksonville, FL, 00000
$825,000
For Sale
$825,000
2023-built four-unit property with 2-bed, 2-bath units; three are currently leased.
Property Size4,104 SF
Price / SF$201.02
Days on Market120
Property Features for 101102201202-7638 Mailes Ct
General Information
- Standard status
- Active
- Size
- 4,104 SF
Listing agency
KELLER WILLIAMS ST JOHNS
(904) 404-1640
Listed by
CHRISTINA WELCH · License #3186165
(904) 404-1640
Source
Exprealty
Added: Mar 26 Updated: Jul 22 at 10:28AM Checked: Jul 22 at 10:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS ST JOHNS
Investment Insights
Based on property information with market context.
This newly constructed four-unit multifamily property was built in 2023 and is offered turnkey. Each unit provides two bedrooms and two bathrooms with modern finishes. Three of the four units are currently leased, with the remaining unit available for lease-up.
The property offers quick access to I-295 and I-95 and is described as being just minutes from major retail, dining, and daily conveniences. It is also noted as being near major employers including Wayfair and Amazon.
As an income-producing asset, it is positioned for low-maintenance, long-term performance, with a stated projection to exceed a 6% CAP rate once fully stabilized.
The property offers quick access to I-295 and I-95 and is described as being just minutes from major retail, dining, and daily conveniences. It is also noted as being near major employers including Wayfair and Amazon.
As an income-producing asset, it is positioned for low-maintenance, long-term performance, with a stated projection to exceed a 6% CAP rate once fully stabilized.
Key Highlights
- Newly constructed in 2023: four‑unit multifamily property
- Each unit offers 2 bedrooms and 2 bathrooms
- Three of the four units are currently leased, with income available immediately
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.6k | $14.76 |
| − Vacancy | −$5.5k | −$1.35 |
| EGI | $55.1k | $13.41 |
| − OpEx | −$16.5k | −$4.02 |
| NOI | $38.5k | $9.39 |
4,104 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$550.5K
$481.7K – $642.3K
NOI $38,535 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$433.8K
$379.5K – $506.1K
NOI $30,363 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.12M
$983.7K – $1.31M
NOI $78,698 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - 2023-built four-unit property with 2-bed, 2-bath units; three are currently leased.
Where is this quadplex located?
The property is located at 101102201202-7638 Mailes Ct Jacksonville, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Newly constructed in 2023: four‑unit multifamily property; Each unit offers 2 bedrooms and 2 bathrooms; Three of the four units are currently leased, with income available immediately
