Price Reduction!!! Discover a unique real estate gem in the heart of the historic Springfield district of Jacksonville, Florida - a beautifully maintained complex that has been thoughtfully remodeled while preserving its 1909 charm with both short and long term rental opportunities. This property features 12 modern studio apartments equipped with their own kitchenette and washer/dryer combo, offering a wonderful opportunity for savvy investors. Situated in the vibrant Springfield district, this income-producing property is an excellent investment in a neighborhood with a rich history and an exciting future. The area is bustling with ongoing and upcoming development plans, making this an ideal moment to own real estate here and be a part of the area's growth in the years to come. Don't miss out! out on the chance to own a piece of Jacksonville's history while capitalizing on its promising future. This 12-unit complex offers both a slice of the past and a stake in the neighborhood's exciting evolution.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 7.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.903% | 7.128% | 7.167% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,003 | $5,855 | $7,910 |
Total Monthly Payment | $6,128 | $5,980 | $8,035 |
* 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.