12-Unit Multifamily in Florida – Partners Wanted
Just locked up a 12-unit in Palatka, FL (outside Jacksonville) — one of the fastest-growing pockets in Northeast Florida. Deal Snapshot: - Purchase Price: $985K - Valuation Today: ~$1.4M (7% cap) → $400K immediate appreciation on purchase - Condition: Recently renovated, no rehab needed - Cash Flow: $3.5K/mo → $4.1K/mo after $50 rent bumps - Occupancy: 100% (tight affordable housing market) Why This Excites Me:✅ Day-one positive cash flow✅ Built-in upside with below-market rents✅ Market backed by job growth, infrastructure investment, and strong demand 🤝 I’m bringing on equity partners for the down payment & loan. DM me if you’d like to take a look at the numbers, details, or know someone in your network who might be a fit. — Matthew