REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Apr

Wed

Apr

Thu

Apr

Amy Powell

[email protected] +1(904) 327-3933

$ 1,700,000

Est. payment -/mo

Save

Active

6349 ESTLAWN DRIVE DR Jacksonville, FL 32208

128,502 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Square Footage 128,502 sqft

Price per Sqft $13

Subdivision Pickett Sibbald Gra

MLS Listing ID 2076167

HOA Y/N No

Originating Board realMLS (Northeast Florida Multiple Listing Service)

Lot Size 2.950 Acres

Acres 2.95

Property Sub-Type Unimproved Land

Property Description

Fully Entitled Affordable Housing Project with 2.3MM GPR and No Property Tax Residences at Restlawn is a newly entitled 144-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. The units will rent at $1,289 per month through the Jacksonville Housing Authority, making them accessible while still generating strong cash flow. One of the standout features of this development 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. With a gross potential revenue of nearly $2.3 million annually, this property presents a strong return potential. Additionally, the 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 environmental assessment completed and clear. With strong cash flow potential, no property tax burden, and high tenant demand, Residences at Restlawn is a great opportunity for investors looking for stable income in the Multi Family sector.

Location

State FL

County Duval

Community Pickett Sibbald Gra

Area 075-Trout River/College Park/Ribault Manor

Direction From Gateway Town Center, head west on Norwood Ave. Turn left onto Clyde Dr, then right onto Restlawn Dr. Your destination, 6349 Restlawn Drive, will be on the left.

Exterior

Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available

Private Pool No

Building

Lot Description Other

Sewer Public Sewer

Water Public

Schools

Elementary Schools Sallye B. Mathis

Middle Schools Jean Ribault

High Schools Jean Ribault

Others

Tax ID 026199-0000

Acceptable Financing Other

Listing Terms Other

Listed by HOMECOIN.COM

Amy Powell

Advisor | License ID: SL3138783

+1(904) 327-3933

GET MORE INFORMATION