New Four-Unit Income
For Sale
$749,900
6528 Sweetbay Ln, Jacksonville, FL 32244
Newly built 2023 quadplex with two occupied units and two vacant units ready to lease.
Property Size3,792 SF
Price / SF$197.76
Days on Market143
Property Features for 6528 Sweetbay Ln
General Information
Standard status
Active
Size
3,792 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Duclay
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Year Built
2023
Listing Agency:
KESHMAN LLC
Listed By:
JOSEPH KESHI · License #BK3304679
(904) 228-8641
Source:
Onewinningteam
Added: Jun 3
Changed: Oct 17
Last Checked: Oct 7 at 12:56PM
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 KESHMAN LLC
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 2023-built quadplex consists of four units under one roof. Two units are currently rented, and the other two units are vacant and ready for new tenants, providing immediate rental income while allowing the next owner to lease the remaining space.
The property is located at 6528 Sweetbay Lane in Jacksonville, Florida (32244). Existing income is in place from the two occupied units.
If you’re looking for a residential income asset that is already producing rent with additional leasing opportunities, this four-unit configuration offers a straightforward way to move toward full occupancy.
The property is located at 6528 Sweetbay Lane in Jacksonville, Florida (32244). Existing income is in place from the two occupied units.
If you’re looking for a residential income asset that is already producing rent with additional leasing opportunities, this four-unit configuration offers a straightforward way to move toward full occupancy.
Key Highlights
- Newly built 2023 quadplex (4 units) at 6528 Sweetbay Lane, Jacksonville, FL 32244
- Two units currently rented for $1,325/month and $1,249/month, for $2,574/month gross rental income
- Two additional units are vacant and ready to be leased for potential additional income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,602
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,040
$672.0K
Cap Rate 7%
$480,029
$480.0K
Cap Rate 9%
$373,356
$373.4K
Market Conditions
NOI Build-Up for 3,792 SF
Gross rent
$53.7K $14.16/SF
− Vacancy
−$5.7K −$1.50/SF
EGI
$48.0K $12.66/SF
− OpEx
−$14.4K −$3.80/SF
NOI
$33.6K $8.86/SF
Area
ZIP 32244
Vacancy
10.60%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,040
Cap Rate 7%
$480,029
Cap Rate 9%
$373,356
Alternative Uses
Best Use
Multifamily LT 5
$480.0K
$420.0K – $560.0K
NOI $33,602 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$423.4K
$370.5K – $494.0K
NOI $29,638 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.01M
$885.1K – $1.18M
NOI $70,804 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 32244, FL
63,292
Population
26,250
Households
2.4
Avg Household Size
36
Median Age
24%
College-Educated
92%
High-School Grad
23.6 sq mi
ZIP Area
2,682
Density / Sq Mi
$61,652
Median Household Income
$39,064
Median Earnings
$1,366
Median Rent
$221,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Newly built 2023 quadplex with two occupied units and two vacant units ready to lease.
Where is this quadplex located?
The property is located at 6528 Sweetbay Ln Jacksonville, FL.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Newly built 2023 quadplex (4 units) at 6528 Sweetbay Lane, Jacksonville, FL 32244; Two units currently rented for $1,325/month and $1,249/month, for $2,574/month gross rental income; Two additional units are vacant and ready to be leased for potential additional income
