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1411 N Jefferson St

Jacksonville, FL 32209
  • $700,000
  • STATUS: Active
  • ON SITE: 79 Days
  • MLS #: 244419
UPDATED: 46 min ago
$700,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1952
County:

School Ratings & Info

Description

1 of 4 properties for sale in a portfolio in the Springfield area of Jacksonville. This property is a 25 unit building with zero occupied units. The value is in the land and the trasferable right to build 25+ units. There is a possibility the city will allow a rehab. All properties in the portfolio are affordable housing properties and will be subject to the LURA in place. There is currently a tax credit that falls off 5/31/24 and the rental rates can increase. The buyer is responsible for all due diligence and figuring out what HUD will approve for the new rates in June of 2025.

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© 2024 St. Augustine & St. Johns County Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or Zach DiFilippo | Coldwell Banker Premier Properties. Data last updated 2024-12-06T10:31:24.277.
www.flippflorida.com/homes/155332341
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1411 N Jefferson St Jacksonville, FL 32209

  • Price: $700,000
  • Status: Active
  • On Site: 79 Days
  • Updated: 46 min ago
  • MLS #: 244419
0
Beds
0
Baths
0
½ Baths
0.45
Acres
1952
Built
Neighborhood:
18 - Duval County
County:
Duval
Area:
18 - Duval County
Property Description
1 of 4 properties for sale in a portfolio in the Springfield area of Jacksonville. This property is a 25 unit building with zero occupied units. The value is in the land and the trasferable right to build 25+ units. There is a possibility the city will allow a rehab. All properties in the portfolio are affordable housing properties and will be subject to the LURA in place. There is currently a tax credit that falls off 5/31/24 and the rental rates can increase. The buyer is responsible for all due diligence and figuring out what HUD will approve for the new rates in June of 2025.
Exterior Features

Lot Size 19602

Interior Features

Office Sq Ft 0

Property Features

Bank Corporate Owned YN No Business Description Investment Business Name PSG Cdd YN No Short Sale YN No Tax Year 2023 Taxes 12303 Type Of Property Multifamily

Listing courtesy of STA Realty LLC: 904-377-4782.


© 2024 St. Augustine & St. Johns County Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or Zach DiFilippo | Coldwell Banker Premier Properties. Data last updated 2024-12-06T10:31:24.277.
 
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Zach DiFilippo | Coldwell Banker Premier Properties
661 A1A Beach Blvd
St. Augustine FL, 32080