Four-Unit Residential Income
7631 Indian Lakes Drive Jacksonville, FL 32210
7631 Indian Lakes Drive, Jacksonville, FL, 32210
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For Sale
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Four fully occupied units with consistent large two-bedroom, two-bath layouts, positioned near major Jacksonville employers and retail.
Property Size3,704 SF
Price / SF$134.99
Days on Market49
Property Features for 7631 Indian Lakes Drive
General Information
- Standard status
- Active
- Size
- 3,704 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing agency
Colliers - Jacksonville, Florida
(813) 470-4330
Listed by
Bennett Harrell · License #FL #sl3400888
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:52PM Checked: Jul 20 at 2:25AM
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 Colliers - Jacksonville, Florida
Investment Insights
Based on property information with market context.
Indian Lakes is a 4-unit residential income property offering a consistent unit layout: all units are large two-bedroom, two-bath configurations, each totaling 926 square feet. The property is presented as 100% occupied.
The asset is located in Jacksonville, Florida, in a submarket off 103rd Street on the west side of the city. It is convenient to retail and shopping destinations including Publix and Walmart. It also sits proximate to major demand drivers such as an Amazon Distribution Center, Cecil Air Field, Naval Air Station Jacksonville, and Downtown Jacksonville, which is described as having an approximately $8 billion mixed-use development pipeline.
For investors or operators seeking a small multifamily asset with a uniform tenant experience, Indian Lakes provides a straightforward collection of four similarly sized and configured apartments. Its fully occupied status and repeatable 2-bedroom, 2-bath unit mix can simplify leasing and tenant turnover planning relative to properties with multiple disparate layouts.
The asset is located in Jacksonville, Florida, in a submarket off 103rd Street on the west side of the city. It is convenient to retail and shopping destinations including Publix and Walmart. It also sits proximate to major demand drivers such as an Amazon Distribution Center, Cecil Air Field, Naval Air Station Jacksonville, and Downtown Jacksonville, which is described as having an approximately $8 billion mixed-use development pipeline.
For investors or operators seeking a small multifamily asset with a uniform tenant experience, Indian Lakes provides a straightforward collection of four similarly sized and configured apartments. Its fully occupied status and repeatable 2-bedroom, 2-bath unit mix can simplify leasing and tenant turnover planning relative to properties with multiple disparate layouts.
Key Highlights
- 4‑unit multifamily property built in 1984
- 100% occupied with consistent large 2‑bedroom, 2‑bath units
- All units total 926 SF each (2BR/2BA layout)
Local Financial Insights For Multifamily LT 5
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 | $54.7k | $14.76 |
| − Vacancy | −$5.0k | −$1.35 |
| EGI | $49.7k | $13.41 |
| − OpEx | −$14.9k | −$4.02 |
| NOI | $34.8k | $9.39 |
3,704 SF · lease $14.76/SF/yr · vacancy 9.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$496.9K
$434.8K – $579.7K
NOI $34,780 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$391.5K
$342.5K – $456.7K
NOI $27,403 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.01M
$887.9K – $1.18M
NOI $71,028 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four fully occupied units with consistent large two-bedroom, two-bath layouts, positioned near major Jacksonville employers and retail.
Where is this quadplex located?
The property is located at 7631 Indian Lakes Drive Jacksonville, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 4‑unit multifamily property built in 1984; 100% occupied with consistent large 2‑bedroom, 2‑bath units; All units total 926 SF each (2BR/2BA layout)
