Ground Floor Corner
10961 BURNT MILL Road 412 Jacksonville, FL 32256
For Sale
$270,000
Two-bedroom unit with garage, new flooring, and recent upgrades.
Property Size1,163 SF
Lot Size0.02 Acres
Price / SF$232.16
Days on Market693
Property Features for 10961 BURNT MILL Road 412
General Information
- Standard status
- Active
- Size
- 1,163 SF
- Lot size
- 0.02 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2001
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC PARTNERS
(904) 534-8052
Listed By:
Lesley Vitel · License #3122294
(904) 534-8052
Source:
Exitrealty
Added: Sep 1, 2024
Changed: Jul 6
Last Checked: Jul 24 at 6:51AM
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 REALTY ATLANTIC PARTNERS
Investment Insights
Based on property information with market context.
This is a ground floor, corner two-bedroom unit that includes a garage. A structural reserve study has been completed, and there are no planned assessments. The unit is described as light and bright, freshly painted, and features new LVP flooring. The HVAC system was replaced in 2023, and the water heater was replaced in 2024. It is located close to shopping, restaurants, and major roads, while also being situated away from the main activity. The property size is 1163 square feet.
Key Highlights
- Ground floor, corner unit with included garage.
- New HVAC (2023) and Water Heater (2024).
- Structural Reserve Study complete with no planned assessments.
Financial Insights For Apartment 5plus
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 | $20.2k | $17.40 |
| − Vacancy | −$1.9k | −$1.67 |
| EGI | $18.3k | $15.73 |
| − OpEx | −$8.2k | −$7.08 |
| NOI | $10.1k | $8.65 |
1,163 SF · lease $17.40/SF/yr · vacancy 9.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$143.7K
$125.8K – $167.7K
NOI $10,061 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.2K
$271.5K – $361.9K
NOI $21,716 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mari Boyd Counseling
Crisis Center
Stef’s JAX Condo
Condominium Complex
DailyPS
Publishing House
Tattoo Frank Sober ...
Medical Clinic
First Coast Carpet ...
Carpet Cleaning Service
FAQs
What type of property is this?
Residential income property - Two-bedroom unit with garage, new flooring, and recent upgrades.
Where is this residential income property located?
The property is located at 10961 BURNT MILL Road 412 Jacksonville, FL.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Ground floor, corner unit with included garage.; New HVAC (2023) and Water Heater (2024).; Structural Reserve Study complete with no planned assessments.
