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Amy Powell

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

$ 849,000

Est. payment -/mo

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Active

0 COLLINS RD Jacksonville, FL 32244

86,684 SqFt

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Square Footage 86,684 sqft

Price per Sqft $9

Subdivision Ortega Bluff

MLS Listing ID 2077115

HOA Y/N No

Originating Board realMLS (Northeast Florida Multiple Listing Service)

Annual Tax Amount $4,357

Lot Size 1.990 Acres

Acres 1.99

Property Sub-Type Unimproved Land

Property Description

Fully Entitled Affordable Housing Project with 1MM GPR and No Property Tax. Ortega Bluff is a newly entitled 60-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. These units will rent at $1,381 per month through the Jacksonville Housing Authority. One of the standout features of Live Local Act Developments 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. Additionally, this 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 ESA completed and clear.

Location

State FL

County Duval

Community Ortega Bluff

Area 067-Collins Rd/Argyle/Oakleaf Plantation (Duval)

Direction From the Dollar General store at 8159 Ortega Bluff Parkway, head southeast on Ortega Bluff Parkway for approximately 0.3 miles. Your destination, 8519 Ortega Bluff Parkway, will be on the right.

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Private Pool No

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Others

Tax ID 0991200020

Acceptable Financing Other

Listing Terms Other

Listed by HOMECOIN.COM

Amy Powell

Advisor | License ID: SL3138783

+1(904) 327-3933

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