Property Description

Barnett Street Apartments - 12 Unit (24 Bedrooms) Investment. Renovated in 2023, Barnett Street Apartments offers 12 units all 2BD/1BA across two solid concrete block buildings. Ideal for investors targeting the affordable housing sector, this property presents a value-add asset with a history of stable rental demand and low maintenance requirements.Interior upgrades include new kitchen cabinets, countertops, appliances, range hoods, updated fixtures, vinyl plank flooring, and central HVAC in all units. Each unit is separately metered for water and electric. No common area landlord utilities. Situated on an oversized parcel with access from both Kings Road and Hart Street, the property provides excellent ingress/egress and long-term development potential. Renovations completed in 2023--minimal deferred maintenance and capex requirements for new owners.JaxHA voucher limits for 2bd units in 32209 zip code have increased dramatically, unique affordable housing investmen Highlights:12 Units | All 2BD/1BARenovated in 2023Concrete Block ConstructionSeparately Metered UtilitiesCentral HVAC in All UnitsOversized Lot with Dual Access PointsStrong Demand for Affordable HousingTurnkey asset with history of steady demand and long-term upside in a growing submarket.

Property Features