1103 Cherry St, Jacksonville, FL 32205

Great investment opportunity in the heart of Riverside. This 8 plex- 2 separate 4 plexs- is 100% occupied with current rents ranging from $800-900 per month. Each unit is a 1BDR and 1 BTH with its own living space, kitchen and dining area. Each unit is 762 sf !! Complex has 8 designated parking spaces behind the building and there are plenty of on street spaces available. Each unit has beautiful hardwood floors - no animals are allowed. Owner is property manager and there is very little deferred maintenance. Rents have increased yearly. Additional income can be generated with an onsite laundry facility, reimbursement of water/sewer charges of tenants and renovations to kitchens. Rents in area are more than $1,000 per month for comparable units.