This 1,928 sq ft home is a great flip opportunity in the popular Lakeshore neighborhood! It has 4 bedrooms, 1 bathroom, and a roof that was replaced in 2014. The home is on city water and sewer and needs a full rehab, making it a great project for investors. Plus, it is just 14 minutes from Riverside Park, which offers picnic tables, a playground, and a basketball court! The property has $15,173.28 in nuisance liens, which can be reduced through a city program for lien abatement. For every $5 spent on rehab, $1 is removed from the lien up to $30,000. After reaching $30,000, the reduction changes to $2 in rehab for every $1 off the lien amount.
1273 LAKE SHORE Boulevard, Jacksonville, FL, 32205
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
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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