1357 KINGSLEY Avenue, Orange Park, FL 32073

$2,250,000

Property Type: Commercial Sale Baths: 29 Square Footage: 13,338 Lot Size (sq. ft.): 74,923 Status: Active

Current Price: $2,250,000 List Date: 11/17/2024 Last Modified: 4/15/2025

Description

JPAR City & Beach and Sunset Capital Commercial proudly present Kingswood Apartment Homes, a 12-unit multifamily property located in Orange Park, a submarket of Jacksonville, in beautiful Northeast Florida. This recently renovated and well-maintained complex features three brick and wood quadplexes situated on 1.64 acres, built in 1986. Located on Kingsley Avenue between Park Street and Blanding Boulevard, the property offers convenient access to major interstates, HCA Florida Orange Park Hospital, NAS Jax, and the heart of Orange Park, making it ideal for residents who want to ''Live Here, Work Here.'' Recent interior and exterior renovations have enhanced all units, providing tenants with an above-average living experience. With a 25% market rent gap, strong demand, and significant value-add potential (such as short-term rentals, amenities, upgrades, and site development), this property presents an excellent investment opportunity with immediate income potential.

More Information MLS# 2057078

Contract Information

Current Price: $2,250,000 List Price: $2,250,000 Status: Active Listing Contract Date: 2024-11-16 Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 1357 Street Name: KINGSLEY Street Suffix: Avenue County: Clay State: FL Postal Code: 32073 Subdivision Name: Orange Park MLS Area Major: 132-Bellair/Grove Park

General Property Information

Number Of Units Total: 12 Bathrooms Total: 29 Building Area Total: 13338 Building Area Source: Public Records Year Built: 1984 Building Name: Kingswood Apartment Homes Lot Size Acres: 1.72 Land Lease YN: No Association YN: No Water Body Access YN: No Waterfront YN: No Stories Total: 2 Senior Community YN: No Directions: Take I-295 South to exit 10 (US-17 South/Park Ave). Continue on US-17 South for approximately 2 miles. Turn right onto Kingsley Ave. The driveway to Kingswood Apartment Homes is located immediately af Public Remarks: JPAR City & Beach and Sunset Capital Commercial proudly present Kingswood Apartment Homes, a 12-unit multifamily property located in Orange Park, a submarket of Jacksonville, in beautiful Northeast Florida. This recently renovated and well-maintained complex features three brick and wood quadplexes situated on 1.64 acres, built in 1986. Located on Kingsley Avenue between Park Street and Blanding Boulevard, the property offers convenient access to major interstates, HCA Florida Orange Park Hospital, NAS Jax, and the heart of Orange Park, making it ideal for residents who want to ''Live Here, Work Here.'' Recent interior and exterior renovations have enhanced all units, providing tenants with an above-average living experience. With a 25% market rent gap, strong demand, and significant value-add potential (such as short-term rentals, amenities, upgrades, and site development), this property presents an excellent investment opportunity with immediate income potential. List Price/SqFt: 168.69

Status Change Information

Major Change Timestamp: 2025-01-04T16:31:33Z Major Change Type: Price Reduced Price Change Timestamp: 2025-01-04T16:31:33Z

Unit 1 Details

Unit ID: See below Annual Rent: 17700 Unit SqFt: 1238 # Units (This Type): 1 Baths Total: 2 Furnished: Unfurnished Unit Remarks: Unit 3 (2 beds/1.5 bath)

Unit 2 Details

Unit ID: See below Annual Rent: 108780 Unit SqFt: 985 # Units (This Type): 6 Baths Total: 12 Furnished: Unfurnished Unit Remarks: Units 1,4,5,8,9,12 (2 beds/2 baths)

Unit 3 Details

Unit ID: See below Annual Rent: 91080 Unit SqFt: 1238 # Units (This Type): 5 Baths Total: 15 Furnished: Unfurnished Unit Remarks: Units 2,6,7,10,11 (2 beds/2.5 baths)