Investment opportunity or let tenants pay a big chunk of your mortgage. This multi-family property, offers a diversified income stream through its fully renovated rental unit in front. The property comprises a main house with three bedrooms and one bathrooms, followed by a secondary unit featuring a studio, one-bathroom rental. Additionally, a standalone one-bedroom, one-bathroom unit is included, providing an ideal scenario for rental income.
Covering an interior space of 2, 079 sqft, the property is well-positioned on a significant lot size that endows it with potential for future expansions. The location is particularly noteworthy, being in close proximity to NAS Birmingham Gate and a short drive from Jacksonville International Airport and Cecil Airport, enhancing its appeal to potential renters working in these facilities or relying on air travel.
The community, surrounded by Jacksonville's inviting amenities and vibrant lifestyle, offers endless possibilities for both living and strategic investment. The seller is open to owner financing, and applications are ready to fit appliances with a firm offer before closing. This property promises not only immediate rental income but also growth potential, making it a sound choice for investors seeking a substantial venture.
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$359,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $287,200 | $287,200 | $287,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $326 | $326 | $326 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,911 | $1,909 | $2,422 |
Total Monthly Payment | $2,312 | $2,310 | $2,823 |
* 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.