120 Unit Beaches Apartment Community. This is a perfect example of a well maintained and managed Atlantic Beach apartment community. The property is located close to the Ocean, Selva Marina Golf and Country Club, and lots of new development along the West Atlantic Beach corridor. It has a great financial performance and occupancy history with recent renovations. It is brand new to the market and will not last long.

Property includes additional land for expanded development of potentially 80 more units. This is a well maintained and managed community with lots of pride in ownership and it shows.

120 concrete block units sit on 11.6 acres.

Assumable in place debt and seller is willing to hold a 2nd mortgage!

Please email for a complete package.

Location Description:

The property is located in North East Florida just outside of Jacksonville in Atlantic Beach. Located 1.5 miles North of Atlantic Blvd. on Mayport Road across the street from the soon to be renovated/redesigned Selva Marina Golf and Country Club.

*** Assumable debt and Owner Financing ***

The current debt of $2,500,000 is assumable and the owner will consider hold a second mortgage.

Load of upside potential in a great area!