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Jacksonville SFR Portfolio

Jacksonville MSA

54# of Units

1204Avg. Sq. Ft.

$1415Avg. Rent

54 SFR

Overview

This portfolio was built from the ground up by a local investment group. Homes were all fully renovated in 2023 with all permits pulled and have been well maintained for the life of their ownership. The owners have close to 500 homes in Jacksonville that they are open to showing a buyer should a deal be struck. All leases are 1 year terms expiring at various times.

Rents are on average 5% above market, mainly because the owners has been able to push rents with recent renovations on the homes.

We have provided the Capital Expenditure (Cap Ex) Dollars spent by the seller in order to maximize rents. There are recent appraisals on half of the homes.

Average rent across the portfolio is $1,415
Average Square Feet across the portfolio is 1,201
Average Year Built across the portfolio is 1947
Average Cap Ex Spent Per Unit $55,578 (Over $3MM in total renovations)
Average Unit Price $188,961
8.54% Gross Yield/ 6% Cap Rate at Ask

Seller would like to sell all in one shot, and will be more negotiable on price if those offers are presented.
Open to cherry picking as well, all offers will be considered.

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