The Van Zant House 5419 Woodcrest Rd Immeuble residentiel 5 lots 597 045 € (119 409 €/Lot) Taux de capitalisation 12,01 % Jacksonville, FL 32205

This Historic property was home to the Van Zant family, founders of the rock bands Lynyrd Skynyrd, and .38 Special. It is recognized as an historical site by the State of Florida, complete with historic marker. The main four unit building is operated as short term rentals, with guests coming from all over the world! The manufactured home in back operates as a Padsplit with six private rooms and shared common areas. Tremendous cash flows make this a profitable investment from day one. New owner can continue to operate as is (seller will assist in transition), or come live in one unit and manage the rest and live off the income. All units come fully furnished and everything conveys, including 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 traditional multifamily, but short term rental (STR) and Padsplit, which creates revenues 2-3x higher than traditional multifam. Please make sure your buyers understand this. See financials and offering memorandum for more detail.