806 OAK Street, Green Cove Springs, FL 32043 (MLS# 2125520)

Investment Opportunity - Newer Construction Multifamily in Growth Corridor 806 Oak St presents a rare opportunity to acquire a modern, income-producing multifamily asset in the heart of Green Cove Springs, FL. Built in 2021, this well-designed apartment complex consists of 17 total units with a strong and diverse unit mix: Four (4) 3BR / 2BA units Nine (9) 2BR + office / 2BA units Four (4) 2BR / 1BA units The property was constructed with a focus on energy efficiency, including foam insulation in the attic, helping reduce operating costs while enhancing tenant comfort. The site is approved for eight (8) single-car garages, offering a clear path for additional income upside through future development. An appraisal is on file, providing added confidence for investors and lenders.

Supplements: Strategically located, the property benefits from significant area growth, with over 10,000 new homes approved within a 2-mile radius and a new outbeltway expressway extension nearby, improving regional access and long-term demand. Green Cove Springs is a historic and desirable riverfront community, often referred to as the 19th-century "Saratoga of the South." Known for its natural warm mineral springs, St. Johns River access, parks, and small-town charm, the area offers a unique lifestyle with easy connectivity to Jacksonvillemaking it attractive to both long-term residents and commuters. At full occupancy, the property offers a projected gross income of approximately $340,000, with further upside through garage rentals and continued market rent growth. Ideal for investors seeking newer construction, stable cash flow, and long-term appreciation in a rapidly growing North Florida submarket.