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1628 Walnut St - Walnut Phoenix 5 Unit Apartment Building Offered at $1,098,054 CAD at a 6.95% Cap Rate Jacksonville, FL 32206
Investment Highlights
- 100% renovated
- Progressive neighborhood with lots of redelopment
- Alway fully occupied
- Tenants pay all utilities
- 1.5 miles to downtown
Executive Summary
This beautiful 5 unit fully renovated building offers an incredible opportunity to invest in the highly desirable and upwardly mobile Springfield neighborhood. The classic Colonial architecture of 1909 provides attractive curb appeal that is in much demand to potential renters. Both the interior and exterior have recently (2025) undergone an extensive restoration at the same time retaining the enduring style that makes this area so appealing. The building comprises of 4 fully renovated 2/2 units with a huge 1/1 encompassing the entire 3rd floor. The building is 100% occupied, with rents ranging from $1300 to $1350. All the units have been completely renovated with a modern flair and everything brand new including, flooring, kitchen, baths, plumbing, electric, appliances and more. There is air conditioned/heated hallways with communal laundry on the 1st and 2nd floors. 1628 Walnut is located within the vibrant community of Springfield just 1 mile north of downtown and amidst the active social scene of the area. Property being offered by owner/agent.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1.38 CAD | 750 |
| 1+1 | 1 | $1.38 CAD | 725 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 072301-0000 | Improvements Assessment | $699,911 CAD (2026) |
| Land Assessment | $74,580 CAD (2026) | Total Assessment | $774,491 CAD (2026) |
Property Taxes
Parcel Number
072301-0000
Land Assessment
$74,580 CAD (2026)
Improvements Assessment
$699,911 CAD (2026)
Total Assessment
$774,491 CAD (2026)
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1628 Walnut St - Walnut Phoenix
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