Newly Built Four-Unit
For Sale
$750,000
101102201202-7638 Mailes Ct, Jacksonville, FL
2023-built four-unit property with 2-bed, 2-bath units; three are currently leased.
Property Size4,104 SF
Price / SF$182.75
Days on Market95
Property Features for 101102201202-7638 Mailes Ct
General Information
Standard status
Active
Size
4,104 SF
Property subtype
Residential Income
Occupancy
75%
Site & Location
Neighborhood
East Mandarin
Highway Access
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,416
Building Details
Year Built
2023
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS ST JOHNS
(904) 867-7694
Listed By:
CHRISTINA WELCH · License #3186165
(904) 404-1640
Source:
Exprealty
Added: Jul 21
Changed: Oct 2
Last Checked: Oct 21 at 1:42AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,535
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,700
$770.7K
Cap Rate 7%
$550,500
$550.5K
Cap Rate 9%
$428,167
$428.2K
Market Conditions
NOI Build-Up for 4,104 SF
Gross rent
$60.6K $14.76/SF
− Vacancy
−$5.5K −$1.35/SF
EGI
$55.1K $13.41/SF
− OpEx
−$16.5K −$4.02/SF
NOI
$38.5K $9.39/SF
Area
Jacksonville, FL
Vacancy
9.12%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,700
Cap Rate 7%
$550,500
Cap Rate 9%
$428,167
Alternative Uses
Best Use
Multifamily LT 5
$550.5K
$481.7K – $642.3K
NOI $38,535 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$433.8K
$379.5K – $506.1K
NOI $30,363 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.12M
$983.7K – $1.31M
NOI $78,698 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 $750,000.
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
