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Investment Details

Funding Date
29-May-2019
Amount Raised
$357,020
Cash on Cash Return
10.00%
Number of Investors
5
Purchase Price
$685,000

Investment Summary

This 20 unit, garden style, concrete block complex apartment building is located in the Hillcrest sub-market, near Murray Hill and minutes from the Avondale and Riverside class A sub-market.

 

Kingsbury Apartments are located near the rapidly growing Murray Hill neighborhood. Embrace Murray
Hill's wonderful quality of life and cultural diversity. This is a rare opportunity to enjoy a live-work-play
destination and to be a part of the urban growth in one of the most up and coming areas of
Jacksonville. Enjoy this opportunity to contribute to the incredible nearby parks, stunning architecture,
and some of the hottest new retailers in Jacksonville, Florida. Murray Hill is one of Jacksonville's oldest
and most gentrifying spots. Enjoy an artsy neighborhood with funky coffee shops, one of a kind
shopping, antique stores, and more. Locally owned and operated restaurants and bars are rapidly
opening, giving the Murray Hill area new life and flavor.

 

LOCATION OVERVIEW


• Minutes from the Jacksonville's urban core (Downtown Jacksonville) which includes the
beautiful banks of the St. Johns River, located east of the Fuller Warren Bridge and extending
roughly four miles north and east.
• Within one mile to Jacksonville's rapidly growing Riverside and Avondale Submarkets.
• Situated so closely to interstates that these properties have a distinct advantage that
enhances its easy access to the intersection of I-10, I-95, and I-295.
• Recent additions in the nearby Brooklyn area include the Fresh Market and 604 new luxury
apartment units. Brooklyn is located only minutes from Murray Hill and brings incredible foot
traffic to the Murray Hill area.

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