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Jefferson Way 409 Jefferson Ave 56 Unit Apartment Building For Sale Orange Park, FL 32065
Investment Highlights
- Deal Room: https://www.cbredealflow.com/handler/modern.aspx?pv=M4QqgtOPS-Q9m91juO610d7do7nS6IkRxNkEmcGA1iJM3_C9S-ta5IMbBRvRAkC_faUqrh1v6QU_eugXqbRFhA
- With pro forma expenses of $5,675 per unit, the property is offered above a 7.0% cap rate, outperforming similar North Florida assets.
- More than 70% of residents renew annually, supported by the rare single story design found in only two market rate communities locally.
- The property has historically been above 95% occupancy with near-perfect collections and minimal turnover due to the desirable single story layout.
- Clay County’s strict development environment and only one planned multifamily project support long term rent growth prospects.
Executive Summary
CBRE, as the exclusive listing agent, is proud to offer Jefferson Way, a 56-unit, single-story, walk-up apartment community located in the desirable Orange Park submarket of Jacksonville, Florida. Strategically positioned at 409 Jefferson Avenue, just north of Blanding Boulevard, Jefferson Way provides residents with exceptional convenience to schools, retail, and HCA Florida Orange Park Hospital, all within a short distance.
Property Facts
| Sale Type | Investment | Lot Size | 3.86 AC |
| No. Units | 56 | Building Size | 31,200 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1987 |
| Building Class | C | Parking Ratio | 2.4/1,000 SF |
| Zoning | PUD - Planned urban Development | ||
| Sale Type | Investment |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.86 AC |
| Building Size | 31,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1987 |
| Parking Ratio | 2.4/1,000 SF |
| Zoning | PUD - Planned urban Development |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Sunroom
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Corporate Suites
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 288 |
| 1+1 | 40 | - | 576 |
| 2+1 | 3 | - | 864 |
| 2+2 | 2 | - | 864 |
Property Taxes
| Parcel Number | 40-04-25-020877-000-00 | Improvements Assessment | $4,131,355 CAD |
| Land Assessment | $418,118 CAD | Total Assessment | $4,549,474 CAD |
Property Taxes
Parcel Number
40-04-25-020877-000-00
Land Assessment
$418,118 CAD
Improvements Assessment
$4,131,355 CAD
Total Assessment
$4,549,474 CAD
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Jefferson Way | 409 Jefferson Ave
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