
0 Collins Rd Unit 2077115 Jacksonville, FL
Chimney Lakes/Argyle Forest NeighborhoodEstimated payment $5,101/month
Highlights
- 1.99 Acre Lot
- Corner Lot
- No HOA
About This Lot
Fully Entitled Affordable Housing Project with 1MM GPR and No Property Tax. Ortega Bluff is a newly entitled 60-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. These units will rent at $1,381 per month through the Jacksonville Housing Authority. One of the standout features of Live Local Act Developments 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. Additionally, this 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 ESA completed and clear.
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,358
Lot Details
- 1.99 Acre Lot
- Corner Lot
Community Details
- No Home Owners Association
- Ortega Bluff Subdivision
Listing and Financial Details
- Assessor Parcel Number 0991200020
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
03/21/2025 03/21/25 | For Sale | $849,000 | -- | -- |
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