The MultiFamily Doctor

SELLER FINANCE WITH 4% INTEREST ONLY!
3 Town Homes - 7639 | 4526 | 4516 Melissa Ct, Jacksonville, Florida 32210

Sale Price

$495,000

Minimum ARV

$

Maximum ARV

$

Current Rent: $1,450

Units Layout:
Unit 1 - 3/2
Unit 2 - 3/2
Unit 3 - 3/2.5

Proforma Rent: $4,500

Unit Sqft:
Unit 1 - 1193 Sqft
Unit 2 - 1442 Sqft
Unit 3 - 1386 Sqft

Current Occupancy: 1 unit is occupied (2 units are vacant)

Total Sqft: 4021 Sqft

Current Monthly Expenses: $1,240.02 / Monthly NO HOA

Yr Built: 1987

Pool: No

Deal Type

Cash
Hard Money

Sub To

Seller Finance

Sale Price

$495,000

Minimum ARV

$

Maximum ARV

$

Total No Of Units: 3 Town Homes

Units Layout:
Unit 1 - 3/2
Unit 2 - 3/2
Unit 3 - 3/2.5

Unit Sqft:
Unit 1 - 1193 Sqft
Unit 2 - 1442 Sqft
Unit 3 - 1386 Sqft

Total Sqft: 4021 Sqft

Yr Built: 1987

Property Structure: Frame stucco

Pool: No

Current Rent: $1,450

Proforma Rent: $4,500

Current Occupancy: 1 unit is occupied (2 units are vacant)

Current Monthly Expenses: $1,240.02 / Monthly NO HOA

Deal Type

Cash
Hard Money

Sub To

Seller Finance

Detailed Monthly Expenses

Property Tax: $491.50/monthly

Insurance: $203.17/monthly

Who Pays?

Electric: Tenant

Water: Tenant

Additional Info

Lease Terms: Yearly lease

Washer & Dryer: Hook ups

Air Conditioning: Central

Electric Meters: 3

Water Meters: 3

Seller Finance Terms

Down Payment: $97,000

Finance Amount: $177,303

Interest Rate: 4% P & I ($1074.42 monthly payment)

Years: 20 yr Arm (5 Year balloon)

Sub To Terms

Sub To Loan Amount: $220,697

Monthly PITI: $1146.22 (P & I)

Interest Rate: 4.25%

Maturity Rate: (5 Year balloon)

Closing Terms

EMD: $10,000

Inspection: 0 days

Closing cost: Buyer pays

Seller Finance Terms

Down Payment: $97,000

Finance Amount: $177,303

Interest Rate: 4% P & I ($1074.42 monthly payment)

Years: 20 yr Arm (5 Year balloon)

Sub To Terms

Assumable Loan Amount: $220,697

Monthly PITI: $1146.22 (P & I)

Interest Rate: 4.25%

Maturity Rate: (5 Year balloon)

Closing Terms

EMD: $10,000

Inspection: 0 days

Closing cost: Buyer pays

Property & area description

Attractive Investment Opportunity – 7639, 4526, & 4516 Melissa Ct, Jacksonville, FL 32210
Explanation of this Creative Deal Opportunity:
Total purchase price $495,000
Down Payment $97,000
Seller Finance Amount $177,303
Sub To Loan Amount $220,697
__________________________________________________________________________________________________

Located in Jacksonville’s Westside, these properties offer a rare, high-potential investment opportunity. The neighborhood is a well-established, family-friendly area with solid demand for rental properties. These homes sit in a quiet, suburban setting, with tree-lined streets and easy access to key local amenities like shopping, dining, parks, and schools. The area is also well-connected by major roads, including Normandy Blvd and I-295.

What makes this deal even more compelling for investors is the Seller Financing option at a 4% interest rate combined with the ability to Sub To existing financing. This offers significant flexibility and lower financing costs compared to traditional lending, making it an ideal opportunity for both buy-and-hold investors.

With its strong rental demand, potential for property value appreciation, and the attractive financing terms, this deal is a no-brainer for savvy investors looking for a cash-flowing property in a stable, growing market.

Comperables

4502 Melissa Ct W Jacksonville, FL 32210 – $180,000
7686 Jana Lane S Jacksonville, FL 32210 – $165,000

Additional Pictures & Videos

Financials

Offering Memorandum

Map of the property location

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