Exceptional 5-Residence Florida Investment | 1.36 Acres | Approx. $10,000/Month Anticipated Rent Roll

Offered at$730,000 USD, 865 Cole Road presents an unusual opportunity to acquire a multi-residence income-producing property in Jacksonville, Florida, combining five separate residences, approximately 4,424 square feet (411 m²) of living space, 1.36 gated acres, significant recent capital improvements, and substantial rental-income potential.

With an **anticipated stabilized rent roll of approximately $10,000 per month—or $120,000 annually—**the property offers a compelling combination of cash-flow potential, valuable land, and future upside. Buyers should independently verify projected rents, expenses, and financial performance.

The property consists of four residences within the primary building plus a separate detached home, providing a total of10 bedrooms and 6 bathrooms. Multiple residences feature private interior laundry, and the property has separate electric meters, allowing for efficient management of the individual units. Current owner has internet and boosters throughout. Tenants pay the owner a monthly Internet fee (adding an additional monthly cash flow).

One residence also includes an insulated garage offering potential for additional living space, while the detached home provides exceptional flexibility as another rental, an owner's residence, guest house, or on-site manager's quarters.

Significant capital improvements have already been completed, including a large ribbed metal roof, updated plumbing, new electrical panels, primarily 12-gauge wiring, hurricane-impact windows throughout much of the property, industrial-sized gutters and French drains. The primary structure features substantial red-steel construction with predominantly metal siding—an impressive level of infrastructure for a residential income property.

The1.36-acre gated parcel provides considerably more usable land than a conventional multifamily investment. Improvements include a long paved driveway, automatic security gate, multiple covered parking areas, extensive additional parking, greenhouse, and dedicated RV area with full hookups.

The size and configuration of the property may also provide opportunities for future subdivision or additional residential development, subject to zoning, governmental approvals, and buyer verification—creating another potential avenue for long-term value beyond the existing residences.

Strategic Jacksonville Location

The property is ideally positioned in North Jacksonville with convenient access to I-95 and I-295 and is less than approximately10 minutes from Jacksonville International Airport.

Downtown Jacksonville is approximately 15 minutes away, Jacksonville's Atlantic Ocean beaches approximately 25 minutes away, and the property is only minutes from River City Marketplace, one of North Jacksonville's primary shopping, dining, and commercial destinations.

For an investor seeking a Florida asset with multiple residences, substantial potential rental income, valuable acreage, extensive infrastructure, and future development possibilities, 865 Cole Road offers a combination that would be extremely difficult to reproduce at today's land and construction costs.

$730,000 USD | 5 Residences | 10 Bedrooms | 6 Bathrooms | 1.36 Acres | Approx. $10,000/Month Anticipated Rent Roll

This is not simply a multifamily investment. It is a flexible, income-producing Florida real estate asset with multiple paths to future growth.