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Property profile & analytics
OFF-MARKET
Small apartment buildings

647 Pippin St Jacksonville, FL 32206

Individually Owned 2-yr Hold
Property ID
US18-1985984
Property summary
AI-generated overview

Attention investors! This exceptional opportunity presents a four-unit quadruplex ideally situated in Jacksonville's burgeoning Eastside district, conveniently located just north of the soon-to-be-developed Jaguar stadium. The property comprises four generously sized apartments, each boasting two bedrooms and one bathroom, spanning approximately 875 square feet. Each unit includes convenient washer and dryer hookups. All four apartments have undergone recent interior renovations, ensuring modern appeal and functionality. Currently, each unit commands a monthly rent of $850, generating substantial cash flow with long-term tenants in place. Market analysis indicates a significant rental upside, with comparable units leasing for over $1,000 per month. This presents a compelling opportunity to increase rental income and maximize return on investment. Furthermore, this prime location benefits from attractive tax advantages, including exceptionally low property taxes, reported at under $700 annually in 2023. This exceptional investment property offers a rare blend of strong cash flow, significant upside potential, and a desirable location poised for continued growth. Don't miss this chance to secure a profitable addition to your investment portfolio. The property is offered at $415,000.

Property profile
Verified
Property type Small apartment buildings
UPID US18-1985984
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Arun Thomas Varughese · 2 yrs held
Arun Thomas Varughese
since 2024
2 recorded transactions
2024
$380,000
2023
$400,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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