This is a great opportunity to revitalize a quadruplex in Historic Springfield. Each unit is about 1000sf and previously had 2 bedrooms 1 bathroom floor plan. Property has an alley access in the rear and on the side of the house. House has been vacant for years, needs a new roof and full reconstruction of interiors. It is presently fully boarded and not easy to access. Property to be sold with municipal code fines which are to be removed by the city officials after the property is rehabbed. If renovated by the new owner, the property might be eligible for up to 20% Federal Tax Credit and Florida Historic Property Tax Exemption.
24 COTTAGE Avenue, Jacksonville, FL, 32206
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The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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