Seller's Agent in 2024
Chad Neumann
CHAD AND SANDY REAL ESTATE GROUP
(904) 414-6500
9 in this area
562 Total Sales
5629 Ricker Rd Jacksonville, FL 32244
Cedar Hills NeighborhoodEstimated Value: $155,000 - $306,000
8
Beds
4
Baths
5,280
Sq Ft
$48/Sq Ft
Est. Value
Highlights
- 0.72 Acre Lot
- No HOA
- Carpet
- Portola High School Rated A+
- Central Heating and Cooling System
- 1-Story Property
About This Home
As of June 2024** 2 DUPLEXES ** POTENTIAL INCOME OPPORTUNITY ** LARGE BACKYARD **
Attention Investors! Multifamily Property in Jacksonville!
This income-generating property in Westside, Jacksonville boasts a strong cap rate of 7% and offers excellent value-add potential. Here are some key features: It's a multifamily property with two duplexes (4 total units). Each unit is 2 bedrooms and 1 bathroom, so a total of 8 beds/4 baths. This property is in a prime location - minutes from I-295. All units currently occupied, providing immediate rental income. And there is opportunity to increase revenue through rent optimization.
Don't miss out on this chance to add a stable and profitable asset to your portfolio. Schedule a showing today!
Last Agent to Sell the Property
CHAD AND SANDY REAL ESTATE GROUP License #3183802 Listed on: 03/15/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,175
Year Built
- Built in 1958
Lot Details
- 0.72 Acre Lot
- Dirt Road
- Street terminates at a dead end
Home Design
- Duplex
- Entry on the 1st floor
- Shingle Roof
Interior Spaces
- 5,280 Sq Ft Home
- 1-Story Property
- Carpet
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- Shared Driveway
- Additional Parking
Schools
- Jacksonville Heights Elementary School
- Westside High School
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, water
- Assessor Parcel Number 0145370000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Jacksonville Heights Subdivision
Building Details
- Gross Income $35,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 15, 2024
Closed on
Jun 28, 2024
Sold by
Chancy James M and Chancy Bienvenida C
Bought by
Jones Christopher and Jones Christopher U
Seller's Agent
Chad Neumann
CHAD AND SANDY REAL ESTATE GROUP
Buyer's Agent
Mark Chestnut
NUVIEW REALTY
List Price
$400,000
Sold Price
$365,000
Premium/Discount to List
-$35,000
-8.75%
Views
68
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$112,000
Avg. Annual Appreciation
-22.89%
Original Mortgage
$324,850
Outstanding Balance
$320,992
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
-$67,992
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jones Christopher | $365,000 | Mti Title Insurance Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jones Christopher | $324,850 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/28/2024 06/28/24 | Sold | $365,000 | -8.8% | $69 / Sq Ft |
| 03/15/2024 03/15/24 | For Sale | $400,000 | -- | $76 / Sq Ft |
Source: realMLS (Northeast Florida Multiple Listing Service)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,797 | $84,988 | $28,380 | $56,608 |
| 2024 | $1,766 | $85,297 | $28,380 | $56,917 |
| 2023 | $1,766 | $91,938 | $29,025 | $62,913 |
| 2022 | $1,538 | $79,419 | $25,800 | $53,619 |
| 2021 | $1,410 | $63,157 | $17,738 | $45,419 |
| 2020 | $1,346 | $61,547 | $17,738 | $43,809 |
| 2019 | $1,223 | $48,146 | $8,708 | $39,438 |
| 2018 | $1,181 | $45,440 | $8,708 | $36,732 |
| 2017 | $1,129 | $42,024 | $8,062 | $33,962 |
| 2016 | $1,078 | $38,562 | $0 | $0 |
| 2015 | $1,139 | $41,129 | $0 | $0 |
| 2014 | $1,099 | $38,594 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Chad Neumann
-
AUSTIN ENGLEHART
A
Seller Co-Listing Agent in 2024
AUSTIN ENGLEHART
CHAD AND SANDY REAL ESTATE GROUP
(813) 966-1095
1 in this area
83 Total Sales
-
Mark Chestnut
Buyer's Agent in 2024
Mark Chestnut
NUVIEW REALTY
(904) 713-3075
2 in this area
48 Total Sales
Map
Source: realMLS (Northeast Florida Multiple Listing Service)
MLS Number: 2014206
APN: 014537-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
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