Kari Sullivan
REALTOR® | Luxury Property Specialist
Phone: (123) 456-7890
Email: kari@example.com
Web: KariSullivan.com
18 W 43RD Street, Jacksonville, FL 32208
Oak Lawn
$224,900
$154/sq ft
Active
About This Home
Value-add triplex with in-place income and clear path to increased cash flow, priced for entry-level investors seeking value. Property features three separately metered units, including a 1BR (Unit 18), studio (Unit 20), and 2BR (Unit 22). Unit 18 is leased at $825/month (MTM), while the studio and 2BR are vacant--ideal for lease-up or owner occupancy. Pro forma gross income estimated at ~$32,000/year conservatively, offering a strong foundation with potential to improve through light updates and management. New roof in 2025. Large driveway provides ample off-street parking, and separate utilities help keep operating costs lower. Functional layouts, private entrances, and straightforward unit mix support an efficient lease-up and long-term hold strategy. Convenient access to major roadways and employment centers adds to rental appeal. At $224,900, projected cap rate ~9%. Strong opportunity to build cash flow or offset housing costs.
Location
Features & Amenities
Interior Features
- Electric Range
- Refrigerator
Exterior Features
- Other
- Off Street
- Shared Driveway
Property Details
Property Type:
Triplex
Year Built:
1954
Lot Size:
0.11 Acres (4,791 sq ft)
Property Tax (2025):
$3,816/year
MLS #:
2136755
Utilities:
Electricity Connected, Separate Electric Meters, Separate Water Meters, Sewer Connected, Water Connected
