As the commercial real estate marketplace heats up, more and more Investors are considering the 1031 Exchange. First of all if the transaction is handled correctly, using the right guidance and supervision, a 1031 Exchange is a profound opportunity.
The 1031 Exchange does not have to be a jaw dropping, jump through hoops to have it successful. A proper Firm assisting you will allow you the flexibility to be extremely triumphant in the commercial property marketplace.
The property information below is shown to open the eyes of investors on what can be traded for with like-kind properties. Contact us for a qualified intermediary when you are preparing to make profits when you are buying Florida Commercial Properties.
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O’Reilly Commercial Realty LLC
Phone: (352) 237-2222
Pecan Park RV Park – Jacksonville Multifamily Investment
Price was approximately $7,500,000
Property Use Type Investment
No. Spaces 183
Price per Space $40,983.61 estimated
Cap Rate 8.91%
Property Type Multifamily
Property Sub-type Mobile Home – RV Community
Lot Size 20 AC
Description of Multifamily Property
This was a Class A RV Park with state of the art facilities including a pool, clubhouse, exercise area, recreation area and onsite manager’s office. This Florida Multifamily Property is well maintained and in good condition. The Investment property and facilities are only 10 years old.
This commercial property sits in the North Jacksonville area. Immediately adjacent to I-95. Property is in the immediate path of growth. Home builders and retail developers are very active in the north Jacksonville market. Strategic long term location with incredible long term upside.
Multi-family Property Highlights
- Top Rated RV Park in Florida
- Consistent year over year rent growth
- Limited competition
Financial Summary (Actual)
|Net Operating Income||$580,000 estimated|
650 Pecan Park Rd, Jacksonville, FL 32218 (Duval County)
This information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals.The information here is provided for consumer personal, solely to identify potential properties for potential purchase.
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