Investment Highlights

• Premier Historic Riverside Location. One mile from Ascension St. Vincent's Riverside medical campus, minutes from Five Points, the Brooklyn corridor, and Downtown Jacksonville.

• Proximity to Major Employment and Lifestyle Nodes. Ascension St. Vincent's Riverside, a full-service 528-bed hospital in a top-15 health system, anchors healthcare demand alongside dining, retail, and employment centers within a short drive.

• Path of Major Investment and Growth. The surrounding urban core is the focus of more than $5 billion in announced development, including Gateway Jax, EverBank Stadium, and the Jacksonville Shipyards district.

• Over $400,000 of Recent Capital Invested. All unit interiors fully modernized with quartz countertops, shaker cabinetry, tile finishes, new windows, and updated plumbing and electrical — a true turn-key asset.

• Durable Masonry Construction. Masonry buildings with pitched shingle roofs replaced in 2017 and 2020, leaving a new owner with minimal deferred maintenance and limited near-term capital exposure.

• In-Unit Laundry and Individually Metered Utilities. Every unit includes an in-unit washer/dryer and separately metered utilities — two uncommon and highly desirable features in the historic districts.

• Embedded Rent Upside. In-place rents sit below the Riverside comparable set, providing a clear mark-to-market path as units turn with additional upside from eliminating the current Resident Benefit Package.

• Strong Surrounding Demographics. The surrounding 32205 ZIP code carries an average household income of roughly $94,000, supporting sustained rental demand and rent growth across both unit types.