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Income-producing property located just minutes from Downtown Jacksonville and Avondale, and conveniently close to Florida State College at Jacksonville - Kent Campus. The main home offers over 2, 400 sq ft of living space, features 3 bedrooms and 3 bathrooms, is connected to city water and sewer, and includes a swimming pool. The home requires only minimal improvements. Currently access is to the main house only.
In addition to the main residence, the property includes additional income-producing units on the side, with a potential rental income of approximately $1, 700 per month. Two of the units are currently rented on month-to-month leases, providing flexibility for future plans.
This property is ideal for investors or house hackers seeking both immediate income and value-add potential. With modest updates and improvements, the property could potentially be valued at over $550, 000 or more.
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Our Executive Mortgage Banker:
Our Insurance Division:
$334,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $267,920 | $267,920 | $267,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,650 | $1,692 | $2,225 |
| Total Monthly Payment | $1,725 | $1,767 | $2,300 |
* 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.