Motivated Seller Bring all offers! 3D walkthrough of all units available upon request. Seller Financing available! Bring an offer.
Boasting a prime location, this property presents an exciting opportunity to either establish a business or revive its charm as a multifamily residence. With its expansive layout and adaptable floor plan, envision your dream business taking shape in the bustling commercial district, drawing in foot traffic with its prominent street frontage. Alternatively, tap into the growing demand for urban living by transforming this space into a collection of modern residential units, each offering comfort and convenience in a thriving community. Don't miss out on this rare opportunity to make your mark in one of the most sought-after locations in Jacksonville. Schedule a viewing today and unlock the potential of 918 King St. '' Property being sold ''as-is'' Seller to make no repairs.
also under MLS: 20225 Duplex units are same layout as upstairs floorplan.
918, downstairs unit, uses gas water heater.
920, upstairs unit, uses electric water heater.
922, garage apartment, uses electric water heater sitting in counter in kitchen.
924, bathroom needs full conversion. (originally store front with half bath. )
Opportunity to change garage space into secondary unit in garage apartment and make 3rd building a 5th apartment to take advantage of commercial multifamily lending opportunities.
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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 | $395,200 | $395,200 | $395,200 |
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 | $596 | $596 | $596 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,629 | $2,627 | $3,333 |
Total Monthly Payment | $3,300 | $3,298 | $4,004 |
* 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.