Live on one side, let the other pay your mortgage. 5 blocks to the ocean. Private oversized lot. 10-minute walk to Whole Foods Market, Marshalls, HomeGoods, and more. Two separately metered units -- each 2BD/2.5BA with open living, updated kitchen & covered porch on a 50x125 lot. 2024 roof, fully re-plumbed 2010, and rewired. Move into the renovated unit day one while the other generates $2,900-$3,100/month in projected rent. Cosmetic value-add on the second unit leaves room to push rents further. The definition of a house hack -- affordable beach living that actually makes financial sense.
Furnished Remarks:
Unfurnished
Subdivision:
Oceanside Park
Parking:
6-car Additional Parking, Attached, Secured
Current Use
Investment, Multi-Family, Residential
Utilities
Cable Available, Electricity Connected, Water Connected
Lot Description:
Corner Lot
1175/1177 5TH Street, Jacksonville Beach, FL, 32250
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
