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Indian Lakes and Ricker Rd Investments 7619 Indian Lakes Dr and 5126 Ricker Rd 8 Unit Apartment Building $1,431,770 CAD ($178,971 CAD/Unit) 8.01% Cap Rate Jacksonville, FL 32210
Executive Summary
Acquire two stabilized quadplexes totaling 8 units at 7619 Indian Lakes Dr and 5126 Ricker Rd, positioned in Jacksonville’s established Westside rental corridor. 100% occupied, delivering immediate income with upside potential.
Located roughly 10–12 miles from Amazon and Wayfair fulfillment and distribution centers within the Cecil Commerce logistics hub, and minutes from Cecil Field. The area also benefits from proximity to NAS Jacksonville, providing consistent tenant demand from military and civilian personnel.
The properties offer convenient access to major highways and are approximately 15 minutes from Downtown Jacksonville. An ideal opportunity for investors seeking stable cash flow in a market driven by national employers and long-term economic growth.
Located roughly 10–12 miles from Amazon and Wayfair fulfillment and distribution centers within the Cecil Commerce logistics hub, and minutes from Cecil Field. The area also benefits from proximity to NAS Jacksonville, providing consistent tenant demand from military and civilian personnel.
The properties offer convenient access to major highways and are approximately 15 minutes from Downtown Jacksonville. An ideal opportunity for investors seeking stable cash flow in a market driven by national employers and long-term economic growth.
Property Facts
| Price | $1,431,770 CAD | Building Class | C |
| Price Per Unit | $178,971 CAD | Lot Size | 0.56 AC |
| Sale Type | Investment | Building Size | 7,904 SF |
| Cap Rate | 8.01% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | ||
| Zoning | RMD-D - RMD-D zoning stands for Residential Medium Density – Duplex/Multifamily and is intended to accommodate medium-density residential development. | ||
| Price | $1,431,770 CAD |
| Price Per Unit | $178,971 CAD |
| Sale Type | Investment |
| Cap Rate | 8.01% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 7,904 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1984 |
| Zoning | RMD-D - RMD-D zoning stands for Residential Medium Density – Duplex/Multifamily and is intended to accommodate medium-density residential development. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | $1,602 CAD | 926 |
1 1
Property Taxes
| Parcel Number | 014273-4120 | Improvements Assessment | $372,687 CAD |
| Land Assessment | $138,963 CAD | Total Assessment | $511,650 CAD |
Property Taxes
Parcel Number
014273-4120
Land Assessment
$138,963 CAD
Improvements Assessment
$372,687 CAD
Total Assessment
$511,650 CAD
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Indian Lakes and Ricker Rd Investments | 7619 Indian Lakes Dr and 5126 Ricker Rd
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