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Income-Producing Multifamily New Construction
For Sale
$879,900

1516 YELFORD Cir, Jacksonville, FL 32218

Income property with new construction and value-add opportunity.

Days on Market98

Property Features for 1516 YELFORD Cir

General Information

Standard status Active
Property subtype Investment
Listing Agency:
Listed By: KELLY LEIGH HICKS
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Jul 29 at 10:59AM

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 KELLY LEIGH HICKS

Investment Insights

Based on property information with market context.

This income-producing multifamily property presents an investment opportunity with partial occupancy. One unit is currently vacant, making it suitable for an owner-occupant or for value-add potential while still generating rental income from existing tenants. Constructed by Southern Impression Homes, this new construction property is offered at clearance pricing. The property may qualify for a special interest rate and includes professional property management and rent protection for a limited time. It offers modern features and potential cash flow. The location has a walk score of 72, indicating it is very walkable, a bike score of 51, indicating it is bikeable, and a transit score of 37, indicating some transit options are available.

Key Highlights

  • Income‑producing property with existing tenants and one vacant unit for owner‑occupancy or value‑add.
  • Brand NEW construction by Southern Impression Homes.
  • Qualifies for a special 3.75% interest rate (5.068% APR).

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Bakery Catering Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

737
Businesses Nearby

Demographics for 32218, FL

67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Income property with new construction and value-add opportunity.
Where is this multifamily property located?
The property is located at 1516 YELFORD Cir Jacksonville, FL.
What is the asking price?
The asking price for this property is $879,900.
What are key features of this property?
This property features: Income‑producing property with existing tenants and one vacant unit for owner‑occupancy or value‑add.; Brand NEW construction by Southern Impression Homes.; Qualifies for a special 3.75% interest rate (5.068% APR).
More about this property
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