Oct 3 • 🏠 Live Deals
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
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12-Unit Multifamily in Florida – Partners Wanted
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