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Investment Details

Funding Date
21-Nov-2018
Amount Raised
$856,000
Cash on Cash Return
8.25%
Number of Investors
12
Purchase Price
$3,414,000

Investment Summary

Casa Grande Apartments is a 59-unit apartment community located in the Westside area of Jacksonville, Florida. The property consists of 6-two story, concrete block buildings spread over 2.64 acres. Community amenities include a swimming pool with sundeck, on-site laundry facilities, leasing office, a lush courtyard that is gated, and ample parking. 

 It’s conveniently located near downtown Jacksonville with easy access to Interstate 295, and Interstate 10. Close proximity to historic Riverside, San Marco, and Avondale. Property features 59 units in 6 two-story buildings. Apartment complex features a sparkling pool, gated courtyard with lush landscaping and an on-site laundry facility. The large apartment units feature natural wood cabinets, large closets, mini-blinds and central heating and air. Casa Grande Apartments consists of Studios, 1 and 2 bedroom apartments. 

Excellent Rental History • Concrete Block Construction • Excellent Condition • Tremendous Infill Location • Near Thousands of Jobs - NAS Jacksonville - Downtown - Cecil Commerce 

Center Casa Grande is conveniently located on San Juan Avenue enjoying easy access to I-295 and I-10. The property is just west of the beautiful St. Johns River conveniently located to shopping, restaurants and entertainment venues. Casa Grande is moments from Jacksonville Naval Air Station (23,000 jobs), Cecil Commerce Center, set to become Jacksonville’s industrial hub, and Downtown Jacksonville, which employs over 70,000 people.

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