$749,000

0 Collins Road , Jacksonville, FL 32244

 
Bedrooms:0 beds
Bathrooms:0 baths
Land:0 sqft
Lot:1.99
Year Built:--
Listing Status:Active

Listing Agent

Jonathan Minerick
https://homecoin.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Fully Entitled Affordable Housing Project with 1MM GPR and No Property Tax. Ortega Bluff is a newly entitled 60-unit affordable housing development in Jacksonville, FL, an area with strong demand for veteran and workforce housing. This project benefits from The Live Local Act, which provides favorable financing, affordability incentives, and long-term investment stability. These units will rent at $1,381 per month through the Jacksonville Housing Authority. One of the standout features of Live Local Act Developments is the exemption from property taxes on the building, which significantly reduces expenses and increases net operating income. Jacksonville has a consistent need for affordable and veteran housing, ensuring low vacancy rates and steady occupancy. Additionally, this development qualifies for the Low-Income Housing Tax Credit (LIHTC), and all necessary zoning and unit count approvals are already in place, making it a rare find in the market. Phase 1 ESA completed and clear.

Detailed Items

Other Information

0 Collins Road, Jacksonville, FL, 32244 is a land listing of 0 sqft on a lot of 1.99. This land listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property0 Collins Road, Jacksonville, FL
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