1411 N JEFFERSON ST Jacksonville, FL 32209

1 of 4 properties for sale in a portfolio in the Springfield area of Jacksonville. This property is a 25 unit building with zero occupied units. The value is in the land and the trasferable right to build 25+ units. There is a possibility the city will allow a rehab. All properties in the portfolio... are affordable housing properties and will be subject to the LURA in place. There is currently a tax credit that falls off 5/31/24 and the rental rates can increase. The buyer is responsible for all due diligence and figuring out what HUD will approve for the new rates in June of 2025. Continue reading