HUGE DISCOUNT - AS-IS SALE! CASH BUYERS ONLY! PRICED LOW TO COVER ANY REPAIRS NEEDED!
Prime investment opportunity in Jacksonville, FL! This expansive property, featuring a 2-story house and a duplex on a 1. 76-acre lot, is being sold as-is at a massive discount. Seller will make zero repairs and there is no seller disclosure. The house is occupied and the 3/1 side of the duplex is occupied and the 2/2 side is vacant. The current rental income is $1600 for the house and 1200 for the 3/1. The market rent is approximately $5, 100/month. The house at 302 Bernard Rd includes 2 bedrooms and 2 bathrooms, plus an additional room currently being used as a bedroom, making it functionally a 3-bedroom, 2-bathroom house. It has a gross area of 3, 816 sqft and a heated area of 1, 844 sqft. The duplex at 304 Bernard Rd comprises Unit 1 (3 bedrooms, 1 bathroom) and Unit 2 (2 bedrooms, 2 bathrooms), with a gross area of 2, 609 sqft and a heated area of 2, 056 sqft. Agents please see Private Remarks! Additional features include a large swimming pool, a serene pond, 2 detached garages, an attached garage, a storage area, and 2 private water wells, all of which add to tenant appeal and retention. If you're looking to expand your portfolio, these properties are an excellent investment with substantial upside in a desirable area. Enjoy the convenience of being close to Jacksonville International Airport and Rivercity Market Place.
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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 | $252,000 | $252,000 | $252,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $538 | $538 | $538 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,677 | $1,675 | $2,161 |
Total Monthly Payment | $2,290 | $2,288 | $2,774 |
* 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.