6349 Estlawn Drive Drive, Jacksonville, FL 32208

Local realty services provided by:ERA Fernandina Beach Realty
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6349 Estlawn Drive Drive,Jacksonville, FL 32208
$1,700,000
  • 2.95 Acres
  • Lots / Land
  • Active
Listed by:jonathan minerick
Office:homecoin.com
MLS#:2076167
Source:JV

Price summary

  • Price:$1,700,000

About this home

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

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Home facts

  • Listing Id #:2076167
  • Added:154 day(s) ago
  • Updated:August 02, 2025 at 12:46 PM

Structure and exterior

  • Lot area:2.95 Acres

Schools

  • High school:Jean Ribault
  • Middle school:Jean Ribault
  • Elementary school:Sallye B. Mathis

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$1,700,000
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