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.
Active
$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
- 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#: 2076167

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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