Duval Landing
Closed793 Henley Ct, Jacksonville, FL 32218
Property type
Multifamily
Unit / Space count
33
Price
Subject to Offer
Building size
47,223 sf
Rentable area
47,223 SF
Year built
2020
Year renovated
Occupancy
Zoning code
Lot size
1.35 Acres
Sold/status
Sold · Date unknown
Bedroom count
Property description
Duval Landing is a 33-unit Build-to-Rent (BTR) community in Jacksonville, FL. The property consists of a desirable unit mix of 2- and 3-bedroom two-story townhome style units, all of which are individually parceled. The weighted average size of the units is 1,431 SF. All units feature dual-vanity sinks, granite countertops, kitchen pantry, LVP flooring, stainless steel appliances, walk-in closets, and attached one-car garages with direct access. Amenities include flock camera systems, lawn service, smart home technology, and a dog park. The property was built in 2020 and is being offered at an attractive basis relative to the current cost to construct an identical asset. Similar style two-story townhomes being offered for sale individually nearby are being marketed for purchase at a significant premium per unit relative to Duval Landing. The property’s location is near several major economic drivers, including Imeson Industrial Park (4.9 Mi) and JAXPORT - Florida’s largest container port (12.5 Mi). The property is conveniently located 5 minutes from River City Marketplace (1.7 Mi), 11 minutes from Jacksonville International Airport (4.7 Mi), and 16 minutes from downtown Jacksonville (12.2Mi). Nearby retailers include Walgreens (1.1 Mi), Starbucks (1.8 Mi), Publix (1.9 Mi), Lowe’s (2.1 Mi) and Walmart Supercenter (2 Mi). Duval Landing represents an attractive investment opportunity as BTR assets command higher rents and lower turnover than traditional multifamily. In addition, the individually parceled units provide an investor with optionality to capitalize on market conditions upon exit.
Property highlights
- 33-Unit Build-to-Rent (BTR) Community in Jacksonville, FL
- High Demand Unit Mix Consists of Large Two-Story 2BR/2.5BA and 3BR/2.5BA Floorplans Averaging 1,431 SF
- All Utilities are Separately Metered Giving New Ownership the
- Ability to have Tenants Pay Directly to Service Provider (Currently
- Tenants Reimburse Landlord)
- Units Feature Dual-Vanity Sinks, Granite Countertops, Kitchen Pantry, LVP Flooring, Stainless Steel Appliances, Walk-in Closets, and Attached One-Car Garages With Direct Access
- Amenities Include Flock Camera Systems, Lawn Service, Smart Home Technology, and a Dog Park
- 2020 Built Community Offered at Attractive Basis Relative to Replacement Cost and Nearby Comparable For-Sale Product
- Individually Parceled Units Provide Optionality in Exit Strategies
- Low Density BTR Assets Command Higher Rents and Lower Turnover Than Traditional Multifamily
- Conveniently Located 5 Minutes From River City Marketplace (1.7 Mi), 11 Minutes From Jacksonville International Airport (4.7 Mi), and 16 Minutes From Downtown Jacksonville (12.2Mi)
- Located Near Major Economic Drivers Including Imeson Industrial Park (4.9 Mi) and JAXPORT - Florida’s Largest Container Port (12.5 Mi)
- Nearby Retailers Include Walgreens (1.1 Mi), Starbucks (1.8 Mi), Publix (1.9 Mi), Lowe’s (2.1 Mi) and Walmart Supercenter (2 Mi)