|
Presented by
Porto Team |
2751 ST JOHNS Avenue, Jacksonville, FL, 32205 | $875,000
Seller prefers a sale however he is open to consider limited seller financing or joint venture/partnership structures.
Located in the heart of Avondale, this prominent historic property offers a rare value-add and redevelopment opportunity just steps from Ascension St. Vincent's Riverside and the Shoppes of Avondale. The combination of scale, walkability, and established neighborhood demand positions this asset for compelling residential repositioning.
Originally constructed as a hospital and later operated as an assisted living facility, the building spans two stories above a full basement and includes 27 bedrooms and 9 bathrooms. Existing infrastructure features elevator access, a sprinkler system, generous common areas, and a former commercial kitchen space with a walk-in cooler -- providing a strong foundation for reconfiguration.
Zoned RMD-D (Residential Medium Density-D), the property allows for a variety of residential uses. Preliminary discussions with the City have already been initiated regarding a potential multi-family conversion in the range of approximately 8-17 units, subject to City of Jacksonville approvals. A zoning exception or related entitlement process may be required depending on the final scope and design. In addition to multi-family, permitted, and exception uses, may include housing for the elderly, foster care facilities, residential treatment facilities, bed and breakfasts, churches, and group care homes.
This is a substantial infill opportunity in one of Jacksonville's most desirable historic districts -- ideal for an investor or developer seeking scale, location, and flexibility with multiple potential exit strategies.
Features
- Property Type: Multi Family
- Construction: Brick
- Utilities: Electricity Available, Sewer Available, Water Available
- Parking: On Street
- Cooling: Central Air, Wall/Window Unit(s)
- Units: 1
- Year Built: 1924
- Approx Sq. Feet: 10,803
- Acreage: 0.22
- Est. Taxes: $8,895
- Lot Desc: Historic Area
- MLS#: 2055566
- Days on Market: 173 days
- Website: https://www.raveis.com
/prop/2055566/2751stjohnsavenue_jacksonville_fl?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Porto TeamSales Associates
203.814.8247
PortoTeam@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Gerry O'BrianVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 223191
203.274.0501
Gerry.OBrian@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Gene RahillyInsurance Sales Director, William Raveis Insurance
917.494.9386
Gene.Rahilly@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2751 ST JOHNS Avenue, Jacksonville, FL, 32205
$875,000
Porto Team
Sales Associates
William Raveis Real Estate
Phone: 203.814.8247
PortoTeam@raveis.com
Gerry O'Brian
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.274.0501
Gerry.OBrian@raveis.com
NMLS Mortgage Loan Originator ID 223191
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $700,000 | $700,000 | $700,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.750% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 5.585% | 5.806% |
| Monthly Tax Payment | $741 | $741 | $741 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,920 | $4,085 | $5,766 |
| Total Monthly Payment | $4,753 | $4,918 | $6,599 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388