1217 Park Ave Orange Park, FL 32073

Admiral Apartments presents a compelling investment opportunity in the desirable Orange Park, Florida market. This stabilized, Class B multifamily property boasts 30 units spread across two, two-story buildings situated on a 1.3-acre lot. Built in 1963 and extensively renovated in 2016 and 2020, the property enjoys a prime location on Park Avenue (US Hwy 17), a main thoroughfare offering excellent visibility and exposure. Its suburban infill location provides a high barrier to entry for competitors. The property benefits from its proximity to the water and convenient access to area employment centers. Currently operating at 100% occupancy, this asset offers immediate cash flow and significant potential for future growth. The permitted zoning is multifamily, allowing for continued use as an apartment building. A video tour is available for viewing.