Sold
Last Sold Price
32 beds12,178 sqft

3989 Leonnie Rd, Jacksonville, FL 32208

Multi FamilyProperty Type
1986Year Built
$61/sq ftPrice per sq ft
1 carParking Spaces

Description

Being sold as a portfolio of properties. The portfolio consists of (16) units in (5) buildings located at (3) separate locations in Jacksonville, FL. This portfolio is a turn key operation that is 100% occupied and yielding over a 9% cap rate. Rents are currently below market and could be increased to maximize cash flow. All units are separately metered, have central heat/ac, and have undergone extensive renovations. The portfolio has very low turnover and the average tenant across all (16) units...Being sold as a portfolio of properties. The portfolio consists of (16) units in (5) buildings located at (3) separate locations in Jacksonville, FL. This portfolio is a turn key operation that is 100% occupied and yielding over a 9% cap rate. Rents are currently below market and could be increased to maximize cash flow. All units are separately metered, have central heat/ac, and have undergone extensive renovations. The portfolio has very low turnover and the average tenant across all (16) units has been in place for over two years. Portfolio will not be divided. Must sell as one portfolio.
  • Listed by: CHRISTOPHER CALABUCCI 386.235.5569 ccalabucci@watsonrealtycorp.com • WATSON REALTY CORPORATION ORMOND BEACH
Listing closed: 09/13/2018 08:00 PM • Source: NEFMLS, MLS#: 938015
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Location

Listing Courtesy of WATSON REALTY CORPORATION ORMOND BEACH

Sold By DJ & LINDSEY REAL ESTATE

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Payment Calculator

$4,367 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,972

Property Taxes

$395

HOA Dues

$0

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Property Information for 3989 Leonnie Road

Property Details

  • MLS Type: Residential Income / Duplex
  • County: Duval County
  • Subdivision Name: Section Land

Building Information

  • Stories: 4
  • Residences: 16
  • Year Built: 1986

Summary

Location and General Information
  • Country: US
  • Directions: Moncrief Rd. W North to Wintor Rd, then Lt on Leonnie Rd. See attached for directions to other properties.
  • MLS Area Major: 075-Trout River/College Park/Ribault Manor
  • City: Jacksonville
  • State: FL
  • Postal Code: 32208
  • County: Duval
  • Latitude: 30.387119
  • Longitude: -81.713471
  • MLS Area Minor: 075-Trout River/College Park/Ribault Manor
  • General Property Information: Waterfront YN: No
  • Road Surface Type: Asphalt: Yes
Taxes and HOA Information
  • Parcel Number: 0298650180
  • Association Fee: $.00
Parking
  • Garage Spaces: 1
  • Parking Features: Assigned
  • Attached Garage: No
  • General Property Information: Garage Spaces: 1.0
  • Parking Features: Assigned: Yes

Property

Lot Information
  • Living Area Source: Public Records
  • Lot Size Acres: 0.0
  • Living Area: 12178.0
  • Lot Size Area: 0.0
  • Lot Size Square Feet: 0.0
Property and Assessments
  • Year Built: 1986
  • MLS Approval Status: Yes
  • General Property Information: Bathrooms Half: 0.0
  • General Property Information: Living Area: 12178.0
  • General Property Information: Number Of Units Total: 16.0
  • General Property Information: Living Area Source: Public Records
  • General Property Information: List Price/SqFt: 61.09
  • General Property Information: Sold Price/SqFt: 61.09
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • Sewer: Public Sewer: Yes
  • Utilities: Cable Connected: Yes
  • Water Source: Public: Yes

Interior and Exterior Features

Exterior Features
  • Electric: True
  • Road Surface Type: Asphalt
  • Security Features: Smoke Detector(s)
  • Construction Materials: Concrete, Frame, Wood Siding
  • Pool Features: None
  • Construction Materials: Concrete: Yes
  • Construction Materials: Frame: Yes
  • Construction Materials: Wood Siding: Yes
  • Pool Features: None: Yes
  • Roof: Shingle: Yes
  • Roof: Other: Yes
  • Security Features: Smoke Detector(s): Yes
Interior Features
  • Stories Total: 2
  • Stories: 4
  • Cooling: Central Air, Electric
  • Furnished: Unfurnished
  • Heating: Central, Electric
  • Flooring: Tile, Wood
  • Bathrooms Total (Integer): 16
  • Bathrooms Total (Decimal): 16.0
  • Bathrooms Total (Notational): 16.0
  • Cooling: Yes
  • Heating: Yes
  • General Property Information: Furnished: Unfurnished
  • General Property Information: Stories: 4.0
  • General Property Information: Stories Total: 2.0
  • Appliances: Electric Oven: Yes
  • Appliances: Electric Range: Yes
  • Appliances: Electric Water Heater: Yes
  • Appliances: Refrigerator: Yes
  • Cooling: Central Air: Yes
  • Cooling: Electric: Yes
  • Flooring: Tile: Yes
  • Flooring: Wood: Yes
  • Heating: Central: Yes
  • Heating: Electric: Yes
  • BedroomsTotal: 32.0
  • BathroomsHalf: 0.0

Mobile Home

Mobile/Manufactured Home
  • Operating Expense: $21,000

Multi Family

Multi Family Information
  • Number of Units: 16
Income & Expenses
  • Gross Scheduled Income: $98,400
  • Income and Expenses: Gross Scheduled Income: 98400.0
  • Income and Expenses: Operating Expense: 21000.0

Agent

Showing and Remarks
  • Public Remarks: Being sold as a portfolio of properties. The portfolio consists of (16) units in (5) buildings located at (3) separate locations in Jacksonville, FL. This portfolio is a turn key operation that is 100% occupied and yielding over a 9% cap rate. Rents are currently below market and could be increased to maximize cash flow. All units are separately metered, have central heat/ac, and have undergone extensive renovations. The portfolio has very low turnover and the average tenant across all (16) units has been in place for over two years. Portfolio will not be divided. Must sell as one portfolio.
  • General Property Information: Directions: Moncrief Rd. W North to Wintor Rd, then Lt on Leonnie Rd. See attached for directions to other properties.
  • General Property Information: Public Remarks: Being sold as a portfolio of properties. The portfolio consists of (16) units in (5) buildings located at (3) separate locations in Jacksonville, FL. This portfolio is a turn key operation that is 100% occupied and yielding over a 9% cap rate. Rents are currently below market and could be increased to maximize cash flow. All units are separately metered, have central heat/ac, and have undergone extensive renovations. The portfolio has very low turnover and the average tenant across all (16) units has been in place for over two years. Portfolio will not be divided. Must sell as one portfolio.
  • Historical Information: Public Historical Remarks 1: Number of Units-16 - 20 Units: Y, Occupancy Rate: 100, Annual Property Tax: 8587.08, Annual Fees and Income-Annual Insurance Exp: 3198.47, Number of Buildings: 4+ Buildings, Present Rental Terms: Year, Two Bedroom Rentals: $401 to $450/Month,$501 to $600/Month, Energy Features-Forced Air: Y, Energy Features-Ceiling Fan(s): Y
  • Historical Information: Public Historical Remarks 2: Lot Location-Urban/City: Y, Present Tenant Exp: All Electric,Security Deposit,Sewer,Water
  • Historical Information: Public Historical Remarks 3: Type: Four-Plex

Rental

Rental Information
  • Utilities: Cable Connected
  • Roof: Shingle, Other
  • Owner Pays: Pest Control
  • Owner Pays: Pest Control: Yes

Property History for 3989 Leonnie Road

DateEvent & SourcePriceAppreciation
Sep 13, 2018

Sold

NEFMLS #938015

$744,000—
Jul 20, 2018

Sold

DAYTONAMLS #1043170

$182,000—
Jul 13, 2018

Sold (Public Record)

Public Record #627705069

$182,000—
DateEvent & SourcePrice
09/13/2018

Sold

NEFMLS #938015

$744,000
07/20/2018

Sold

DAYTONAMLS #1043170

$182,000
07/13/2018

Sold (Public Record)

Public Record #627705069

$182,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3989 Leonnie Road

Taxable Value

Land

$25,245

Additions

$206,978
Total$232,223

Tax Record

2024

$4,739 ($395 / month)

Home Facts

Total Finished SqFt

3,360 SqFt

Above Grade Finished SqFt

3,360 SqFt

Stories

1

Lot Size

13,918 SqFt

Style

Quadraplex

Year Built

1986

Zoning

RMD-D

County

DUVAL

APN

029865-0180

Schools near 3989 Leonnie Road

This home is within Duval County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Sallye B. Mathis Elementary School
PublicPK to 5

Jean Ribault Middle School
Public6 to 8

Jean Ribault High School
Public9 to 12

Tiger Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of WATSON REALTY CORPORATION ORMOND BEACH

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.