Newer Quadplex with Four Leased
6535 Sweetbay Ln Unit 20, Jacksonville, FL 32244
For Sale
$699,000
Four-unit quadplex built in 2023, fully leased, with vinyl plank flooring and in-unit washer and dryer hookups.
Property Size4,104 SF
Price / SF$170.32
Days on Market143
Property Features for 6535 Sweetbay Ln Unit 20
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Business Included
Multifamily Units
Building Details
Year Built
Listing Agency:
RE/MAX UNLIMITED
Listed By:
LARA HOFFMAN · License FL #0685714
(904) 465-3140
Source:
Onewinningteam
Added: Jun 22
Changed: Nov 9
Last Checked: Oct 7 at 4:57PM
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 RE/MAX UNLIMITED
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Investment Insights
Based on property information with market context.
Constructed in 2023, this fully leased quadplex consists of four residential units designed with open floor plans and vinyl plank flooring throughout, with no carpet. Each unit includes washer and dryer hookups for convenient in-home laundry, and the interiors feature cherry cabinetry with a large center island, granite countertops, and stainless appliances. The primary suite in one unit includes a walk-in closet and a walk-in shower.
The property is located close to NAS JAX, as well as schools and shopping, supporting everyday convenience for residents.
For investors or buyers looking for a turnkey residential income building, the quadplex is currently fully leased with property management already in place for the tenants. The combination of newer construction, modern finishes, and four active leases can simplify onboarding for an owner who wants to step into an operating, occupied asset.
The property is located close to NAS JAX, as well as schools and shopping, supporting everyday convenience for residents.
For investors or buyers looking for a turnkey residential income building, the quadplex is currently fully leased with property management already in place for the tenants. The combination of newer construction, modern finishes, and four active leases can simplify onboarding for an owner who wants to step into an operating, occupied asset.
Key Highlights
- New 4‑unit quadraplex built in 2023 and fully leased for immediate income
- Current leased monthly rent totals $4,910/month (1,290; 1,195; 1,150; 1,275)
- Property management is in place for tenant leasing and oversight
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,367
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,340
$727.3K
Cap Rate 7%
$519,529
$519.5K
Cap Rate 9%
$404,078
$404.1K
Market Conditions
NOI Build-Up for 4,104 SF
Gross rent
$58.1K $14.16/SF
− Vacancy
−$6.2K −$1.50/SF
EGI
$52.0K $12.66/SF
− OpEx
−$15.6K −$3.80/SF
NOI
$36.4K $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%
$727,340
Cap Rate 7%
$519,529
Cap Rate 9%
$404,078
Alternative Uses
Best Use
Multifamily LT 5
$519.5K
$454.6K – $606.1K
NOI $36,367 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$458.2K
$401.0K – $534.6K
NOI $32,077 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$1.09M
$957.9K – $1.28M
NOI $76,630 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
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
$221,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Jacksonville, FL
Properties on Market for Quadplexes in Jacksonville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex built in 2023, fully leased, with vinyl plank flooring and in-unit washer and dryer hookups.
Where is this quadplex located?
The property is located at 6535 Sweetbay Ln Unit 20 Jacksonville, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: New 4‑unit quadraplex built in 2023 and fully leased for immediate income; Current leased monthly rent totals $4,910/month (1,290; 1,195; 1,150; 1,275); Property management is in place for tenant leasing and oversight
