3212 Herschel St

This offering is one of three multifamily properties available within the same Riverside submarket. Additional investment opportunities include 1521 McDuff Avenue and 2321 Riverside Ave multifamily assets, allowing buyers the option to acquire a single property or assemble a small portfolio in a high-demand, historic neighborhood. Located within Riverside’s designated historic district, 3212 Herschel Street presents a compelling value-add opportunity for multifamily investors seeking both current income and long-term upside. The solid two-story brick building, constructed in 1967, consists of eight one-bedroom, one-bath units and offers approximately with each unit between approximately 505-530 sq ft. The property is currently seven units leased, with one vacant unit providing immediate potential for renovation and rent optimization. Zoned RMD-A, the property is well positioned for continued multifamily use in an area known for strong tenant demand, walkability, and ongoing reinvestment. While already income-producing, the highest and best use is repositioning, allowing an investor to modernize interiors and operations to better align with the premium Riverside rental market. Surrounded by high-end homes, popular restaurants, and established local businesses, this property offers a rare opportunity to invest in one of Jacksonville’s most resilient and desirable neighborhoods. Leases, all month-to-month except Unit 8 Unit 1 - $800pm Unit 5 - $650pm Unit 2 - $625pm Unit 6 - $550pm Unit 3 - $700pm Unit 7 - vacant Unit 4 - $625pm Unit 8 - $850, annual lease, expires Oct 31st 2027. Electricity is individually metered, water and sewer master-metered. Financials and rent rolls are not available. Leases and available expenses will be provided on request. Roof replaced 1988, 2015 HVAC Replaced Unit 5, 2023 and in Unit not cited, 2015 Electrical panel Unit 7 and Unit 8, 2021. Electrical repairs, exposed wiring, 2016 Laundry structure, plumbing and electrical added 2012. Various electrical work from 1998 – 2010 including safety inspection, faulty wiring replacements and repairs, meter jaw replacements. Information from permits on record, details can be found with a city permit search by address: https://jaxepics.coj.net/Permit There are additional documents attached to the listing for review.