Kings Courtyard

Description:

Matthews Real Estate Investment Services is pleased to present Kings Courtyard, a well-positioned 29-unit multifamily asset just minutes from the rapidly growing Downtown Jacksonville. This offering presents an exceptional opportunity for investors to capitalize on Jacksonville’s surging market, backed by strong economic fundamentals, an $8 billion development pipeline, and significant value-add potential.

KEY INVESTMENT HIGHLIGHTS:
PRIME LOCATION
Situated just minutes from Downtown Jacksonville, benefiting from major employment hubs, entertainment districts, and infrastructure improvements.

VALUE-ADD UPSIDE
Immediate opportunities to enhance operational efficiencies, implement strategic renovations, and increase rental income.

MINIMAL DEFERRED MAINTENANCE
Nearly $150,000 of capex has been completed on the property, focused on unit renovations and extensive exterior improvements.

STRONG MARKET GROWTH
Jacksonville is experiencing explosive growth, with more than 100 people moving to the city each day, record absorption of multifamily units in 2024, and a massive supply cliff and lack of apartment deliveries post 2025.
•Record 7,400 units absorbed in 2024
•7,600 units absorbed in the last 12 months
•Fewer than 600 units have broken ground this year

MAJOR DEVELOPMENT PIPELINE
The city’s $8 billion revitalization efforts are transforming the landscape of Downtown, delivering new apartments, retail, public parks, waterfront amenities, the University of Florida Graduate Campus which could have up to 20,000 students, and endless other demand drivers that will turn Jacksonville into a true 18 hour live/work/play city. Click for the 2024 State of Downtown Report.

STABLE TENANCY
Well-maintained units with consistent occupancy, offering a blend of affordability and strong tenant retention.

This is a rare opportunity to acquire a high-growth asset in a thriving metro, primed for both immediate cash flow and long-term appreciation. Don’t miss the chance to be part of Jacksonville’s transformation.

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