0 COLLINS Road, Jacksonville, FL 32244

$749,000
Property Type: Land Lot Size (sq. ft.): 86,684 Status: Active
Current Price: $749,000 List Date: 3/21/2025 Last Modified: 5/07/2025

Description

Fully Entitled Affordable Housing Project with 1MM GPR and No Property Tax.

Supplements: 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.

More Information MLS# 2077115

Contract Information

Current Price: $749,000 Property Sub Type: Unimproved Land Status: Active List Price: $749,000 Listing Contract Date: 2025-03-21

Location Tax and Legal

Street Name: COLLINS Street Suffix: Road County: Duval State: FL Postal Code: 32244 MLS Area Major: 067-Collins Rd/Argyle/Oakleaf Plantation (Duval) Subdivision Name: Ortega Bluff

General Property Information

Lot Size Acres: 1.99 CDD Fee YN: No Association YN: No Waterfront YN: No Directions: 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. Public Remarks: Fully Entitled Affordable Housing Project with 1MM GPR and No Property Tax. List Price/Acre: 376381.91

Status Change Information

Major Change Timestamp: 2025-05-07T14:22:13Z Major Change Type: Price Reduced Price Change Timestamp: 2025-05-07T14:22:13Z

Property Features

Current Use: Multi-Family; Residential Lot Features: Corner Lot Sewer: Public Sewer Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available Water Source: Public Road Surface Type: Asphalt Road Frontage Type: City Street Listing Terms: Other Possession: Other Development Status: Raw Land Showing Requirements: Other
Listing Office: HOMECOIN.COM
Last Updated: May - 07 - 2025
Broker Attribution: 888-400-2513

Information deemed reliable but not guaranteed.