6349 Restlawn
Jacksonville, FL 32208
Land For Sale · 3.00 AC

Residences at Restlawn is a newly approved 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 are priced at $1,289 per month, 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 Low-Income Housing Tax Credit (LIHTC), and all necessary approvals are already in place, making it a rare find in the market. Since the entitlements are secured, investors can take advantage of the built-in financial incentives and projected yield without the delays that typically come with new approvals. Property is located within 2025 QCT (Qualified Census Tract) 112. With strong cash flow potential, minimal tax burden, and high tenant demand, Residences at Restlawn is a great opportunity for investors looking for stable, government-backed income in the affordable housing sector.