Collins Road & Ortega Bluff Parkway - Residential LAND FOR SALE


Jacksonville, FL 32244- Ortega Hills85,813 SF
$849,000 USD
813-370-0094
Collins Road & Ortega Bluff Parkway, Jacksonville, FL for Sale
$849,000 USD
Residential LAND - FOR SALE
1/6
85,813 SF

Collins Road & Ortega Bluff Parkway
Jacksonville, FL 32244
Ortega Hills


HIGHLIGHTS

  • Fully Entitled Affordable Housing project with 1MM GPR and no property tax

OVERVIEW

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, making them accessible while still generating strong cash flow. 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. With a gross potential revenue of almost $1M annually, this property presents a strong return potential. 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. With strong cash flow potential, no property tax burden, and high tenant demand, Ortega Bluff is a great opportunity for investors looking for stable income in the Multi Family sector.

FOR SALE DETAILS

PRICE

$849,000 USD

PRICE/ACRE

$430,965/AC

PRICE/SF

$10 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Ortega Bluff

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

1.97 AC

LAND SF

85,813 SF

OFFSITE IMPROVEMENTS

-

ZONING

MF

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jordan HidalgoNOI AgencyMore Info
813-370-0094

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Jordan HidalgoNOI AgencyMore Info
813-370-0094

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.