SVR Commercial LLC, as exclusive advisor, is privileged to present the opportunity to acquire River Bank Villas located at 1201 River Bank Ct, Jacksonville, FL 32207. The Property consists of 3 buildings, one (1) 8-unit apartment building, one (1) duplex, and one (1) building that is utilized for laundry facilities for a total of 6,375 square feet, there is also a storage shed next between the buildings. The Property is situated on 0.39 acres of land and is located on a shaded street that is quiet and serene. It is the perfect spot for families moving to Jacksonville from out of town, folks visiting the downtown area for games and events at TIAA Bank Field, or those visiting Jax Beach but looking for economical lodging that's a 25 to 30-minute drive to the Atlantic Ocean! This property is currently operating at 81% occupancy since opening in October 2021 and has seen over 90%+ occupancy during the busy months which has translated to a very strong cash-flowing asset. There is also further upside potential through increasing occupancy and raising rents, which should be easily achieved as this venue becomes more known and popular. This property has gotten very high interest and is continually outperforming many other Airbnb properties. This property has become very popular for traveling nurses due to its proximity to all the major hospitals, there is also the potential to contract with hospitals for their traveling nurses’ leasing.
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Multi-Family Space
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