The Van Zant House 5419 Woodcrest Rd Immeuble residentiel 10 lots 587 539 € (58 754 €/Lot) Taux de capitalisation 14,35 % Jacksonville, FL 32205

This historic property was home to the Van Zant family, founders of the rock bands Lynyrd Skynyrd and .38 Special. The State of Florida recognizes it as a historical site with a historic marker. The main four-unit building is operated as a short-term rental, with guests from all over the world. The manufactured home in the back serves as a Padsplit with six private rooms and shared common areas.

Tremendous cash flows make this a profitable investment from day one. The new owner can continue to operate as is (the seller will assist in the transition) or come live in one unit and manage the rest while living off the income. All units come fully furnished and everything is included, including a branded website, operating systems, and two sets of coin-operated washers/dryers for even more income. Property creates cash flows between $10-12K per month. Expenses are around $2000/mo before debt service, making this deal a 12+% cap rate, about two times better than the going market cap rates.

There is a great deal of meat on the bone for investors. This is not a traditional multifamily, but short-term rental (STR) and Padsplit create revenues 2- 3x higher than those of a conventional multifamily. Please make sure your buyers understand this. See the financials and offering memorandum for more details.