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  • $1,700,000

    6349 ESTLAWN DRIVE Drive, Jacksonville, FL 32208

    --beds
    0baths
    2.95Acres
    Unimproved Land
    Built in ----
    2.95 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Fully Entitled Affordable Housing Project with 2.3MM GPR and No Property Tax Residences at Restlawn is a newly entitled 144-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. The units will rent at $1,289 per month through the Jacksonville Housing Authority, making them accessible while still generating strong cash flow. One of the standout features of this development 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. With a gross potential revenue of nearly $2.3 million annually, this property presents a strong return potential. Additionally, the 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 environmental assessment completed and clear. With strong cash flow potential, no property tax burden, and high tenant demand, Residences at Restlawn is a great opportunity for investors looking for stable income in the Multi Family sector.
    159 days
    on Zillow
    |
    27
    |
    1
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 11, 2025 at 10:26am

    Listed by:

    JONATHAN MINERICK 888-400-2513,

    HOMECOIN.COM 888-400-2513

    Source: realMLS,MLS#: 2076167MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0

    Property

    Lot
    • Size: 2.95 Acres
    • Features: Other
    Details
    • Parcel number: 0261990000

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Subdivision: Pickett Sibbald Gra
    HOA
    • Has HOA: No
    Location
    • Region: Jacksonville

    Financial & listing details

    • Date on market: 3/17/2025
    • Listing terms: Other
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